GLOSSARY
This Insurance Glossary of Terms is produced and maintained by the National Alliance Research Academy. 
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Minimum Life Insurance Premium

Also known as “minimum continuation premium”, the premium that is lower than the target premium. It is used in universal life policies to skip premiums or pay lower premiums. Two constraints are placed on the minimum premium amount: that it is above the insurer’s cost to process the payment and that there is enough cash value in the policy to pay mortality and expense charges.