Minimum deposit policy

{
  "id": "MLC-T-INS-002195",
  "term": "Minimum deposit policy",
  "field": "Insurance and risk management",
  "definition": "A type of life insurance policy where the policyholder pays only the minimum premium required to keep the policy in force, often by borrowing against the policy's cash value to cover the remaining premium. This strategy aims to maximize the investment component of the policy while minimizing out-of-pocket premium payments. It is a complex financial arrangement that requires careful consideration of interest rates and policy performance.",
  "url": "https://mlchart.com/terminology/insurance/minimum-deposit-policy/"
}