Debit life insurance

{
  "id": "MLC-T-INS-001083",
  "term": "Debit life insurance",
  "field": "Insurance and risk management",
  "definition": "A type of industrial life insurance characterized by small face amounts, frequent premium payments (often weekly or monthly), and premiums collected directly by an agent at the policyholder's home or workplace. This insurance was historically designed for lower-income individuals and provided a simple, accessible form of coverage. It is less common today due to changes in financial services.",
  "url": "https://mlchart.com/terminology/insurance/debit-life-insurance/"
}