Final answer:
Group credit life insurance is a type of insurance that provides coverage to a group of individuals with a common financial interest. Credit card insurance, auto loan insurance, and home equity loan insurance are examples of group credit life insurance, providing coverage for loans and credit agreements. Mortgage protection insurance is a specific type of insurance that pays off a mortgage loan in the event of the borrower's death.
Step-by-step explanation:
Group credit life insurance is a form of insurance that provides coverage to a group of individuals who have a common financial interest, such as members of a credit union or employees of a company. It is typically offered as a benefit or option when individuals take out a loan or credit agreement. In this case, credit card insurance, auto loan insurance, and home equity loan insurance are all forms of group credit life insurance, as they provide coverage for loans and credit agreements.
On the other hand, mortgage protection insurance is a specific type of insurance that pays off a mortgage loan in the event of the borrower's death. While it is related to group credit life insurance, it specifically focuses on mortgage loans rather than general credit agreements.