An explanation of whether insurance premiums need to be higher (per dollar of death benefits) on standard life or credit life policies.

Life insurance companies require applicants to submit to a physical examination as proof of insurability prior to issuing standard life insurance policies. In contrast, credit card companies offer their customersa type of credit called "credit life insurance" which pays off the credit card balance if the cardholder dies. Illustrate what would you expect insurance premiums to be higer (per dollar of death benefits) on standard life or credit life policies? describe.