Is it worth the extra $10 or so that would be added to a car loan in order to get credit life insurance and credit disability insurance? For a relatively young person looking to get the most out of their monthly car payment, it seems that it would not be worthwhile.
If you're wondering, this "insurance" coverage is usually offered when applying for an auto loan. If you die before payments have been completed, full ownership of the car would be transferred to a beneficiary that you name, and they would not have to make any of the remaining payments. If you become sick/disabled and unable to work, the insurance would cover car payments until you are able to resume working and paying. The idea appears to be to protect your investment already put into the vehicle instead of losing ownership in the event illness or death (transfer of ownership).