noun
group credit life insurance; creditor's group life insurance
A type of life insurance where a group of borrowers (e.g., mortgage holders) are covered, and the lender is the beneficiary. Common in housing loans.
住宅ローンを組むとき、団体信用生命保険に加入する必要がある。
When taking out a mortgage, it is necessary to join group credit life insurance.
Compound of 団体 (group), 信用 (credit), 生命 (life), and 保険 (insurance).