Life insurance, usually with a face amount of less than $3,000, under which premiums are payable more frequently than ordinary life insurance (usually weekly) and characterized by collection of premiums and servicing of the policy at the home of the insured by a "debit agent".
Life insurance issued in small amounts for which premiums are collected on a weekly or monthly basis by an agent (or debit agent); also known as debit insurance.
life insurance provided by an individual policy with the term "industrial" printed on the policy as part of the brief description required by § 16-213 of the Maryland Insurance Code, and under which premiums are payable monthly or more frequently, if the face amount of the insurance provided by the policy does not exceed $ 1,000. Md. Insurance Code Ann. § 1-101
Often called debit or home service insurance, life insurance issued on individual lives from birth to age 70 in small amounts. Weekly or monthly premiums are collected at the individual's home by a home service agent. Usually, no medical examination is required. (See also: home service company and industrial insurance.)
One of the major classes of insurance. It is generally sold in amounts of less than $1,000 by agents who service insureds on debits. The premiums are collected weekly or monthly at the address of the insured. See also Debit.
Common in the early 1900s, small amounts of life insurance in exchange for premiums collected by agents on a weekly or monthly basis at the insured's home or place of employment.
Life insurance issued in small amounts, usually less than $1,000, with premiums payable on a weekly or monthly basis.
Life Insurance issued in small amounts with premiums payable on a weekly or monthly basis. The premiums are generally collected at the Insured's home each week by an agent of the company. Sometimes referred to as Debit Insurance.
One name for life insurance policies sold to middle and low-income customers in small policy amounts with weekly or monthly premium collection at the policy owner's home.
