"Monthly debit" refers to the amount of money that is taken out of your bank account each month to pay for certain expenses or debts. It is a regular deduction from your account that occurs on a monthly basis. Full definition
As previously mentioned within the discussion of monthly debit ordinary insurance, this coverage often carries a higher premium per $ 1,000 of coverage than larger size policies. (dfs.ny.gov)
This type of insurance may also fall under monthly debit ordinary insurance as well. (secureseniorlifeinsurance.com)
Unlike many other types of insurance, monthly debit insurance premiums are collected by an insurance agent at your home monthly. (secureseniorlifeinsurance.com)