What Does Minimum Deposit Policy Mean?

Free Business Insurance Quote Click Here
What does Minimum Deposit Policy mean? Read on to discover the definition & meaning of the term Minimum Deposit Policy - to help you better understand the language used in insurance policies.

Minimum Deposit Policy

Minimum Deposit Policy

A cash value life insurance policy having a first-year loan value available for borrowing immediately upon payment of the first year premium. It is generally held that the life insurance must be in force for 4 years before borrowing can occur.

We hope the you have a better understanding of the meaning of Minimum Deposit Policy.

A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z


Free Business Insurance Quote Click Here