Credit Accident and Health plans are designed to?

Credit Accident and Health plans are specifically structured to assist policyholders in managing the financial burden of existing loans during times of disability or illness. When an individual becomes disabled and is unable to work, these plans help cover loan payments, which can include personal loans, car loans, or credit card debts. The primary intent is to protect both the borrower and the lender by ensuring that loan obligations are met even when the borrower faces health challenges.

This is distinct from comprehensive coverage, which refers to a broader health insurance plan that covers a wide range of medical expenses. Similarly, the focus is different from long-term care assistance, which is aimed at covering the costs associated with extended healthcare services. Retirement income relates to financial products designed to provide income post-retirement, which is also outside the primary function of Credit Accident and Health plans. Thus, the central purpose of these plans is indeed to provide support in paying off debts during health-related incidents, making option B the most accurate choice.