Credit life insurance, credit health insurance, and credit involuntary unemployment benefit insurance shall be issued only in the following forms: an individual policy of life insurance issued to a debtor on a term plan; an individual policy of health insurance issued to a debtor on a term plan; a disability benefit provision in an individual policy of credit life insurance; an individual policy of involuntary unemployment benefit insurance issued to a debtor on a term plan; a group policy of life insurance issued to a creditor that provides insurance on the lives of debtors on the term plan; a group policy of health insurance issued to a creditor on a term plan that insures debtors; a disability benefit provision in a group policy of credit life insurance; or a group policy of involuntary unemployment benefit insurance issued to a creditor on a term plan that insures debtors.