Which type of insurance would likely pay off an outstanding debt upon the insured's death?

Credit life insurance is specifically designed to pay off outstanding debts in the event of the insured's death. This type of insurance provides a financial safety net for borrowers, as it ensures that their outstanding loans, such as those for a mortgage, car, or personal loan, can be settled without burdening the deceased's estate or survivors with the debt. The benefits of credit life insurance typically go directly to the lender, which helps maintain financial stability and can prevent foreclosure or loss of assets for the insured's family.

Health insurance, while crucial for covering medical expenses, does not address outstanding debts upon death. Property insurance protects physical assets but does not provide financial relief for liabilities. Accidental death insurance pays benefits only if the insured dies as a result of an accident, but it does not specifically target the repayment of debts. Therefore, credit life insurance is the most appropriate choice for ensuring that debts are cleared upon the death of the insured.