What Does Debit System Mean?

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What does Debit System mean? Read on to discover the definition & meaning of the term Debit System - to help you better understand the language used in insurance policies.

Debit System

Debit System

The system of collecting life insurance premiums on a weekly or monthly basis involving an actual visit by the agent.

We hope the you have a better understanding of the meaning of Debit System.

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