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What does FMO stand for in insurance terms?
Field Marketing Organization. This generally means they are owned by an insurance carrier, but not always. There are some FMOs which are independently owned and are sometimes referred to as IMOs
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Summary of Benefits and Coverage
The "ce" in the term insurance ce stands for 'Conformite Europeenne" This is French for European Conformity which is a certification required on products to be sold in Europe…an Union markets.
TASA stands for 'Total Actual Sum Assured'
FMO stands for Field Marketing Organization. They are an extension of an insurance carrier designed to distribute their products and in some cases, other carriers products. FM…O's are marketing organizations owned by the insurance carrier, as opposed to IMO which is Independent Marketing Organization or NMO National Marketing Organization. Generally speaking, the insurance carrier is behind the scenes but very involved in directing the activities of the FMO.
No you canNOT cash in term life insurance. It has no additional value beyond the death benefit.
Owner's Title Policy is good for as long as you own the property. Lender Title Policy is good for the life of the loan. Construction Title Policy is good durin…g the construction period of the property through completion and typically only issued to the Builder during construction time. Therefore, if you bought a property, held it for 30 days and sold it, the Owner's Policy would insure you during that period and if there was a loan, the Loan Policy would insure the lender during that period. Since the life of the policy is good until the property is re-conveyed (new deed) or refinanced (new lender), YOU determine the length of term when changing one of the 2 conditions. If you are asking is there a discounted rate on title for holding a property for a short amount of time or flipping the property? The answer is "possibly". If the Seller has an Owner's Policy issued within the last 10 years from time of new sale, most states offer a re-issue rate vs basic rate ONLY if that Owner's Policy is provided to the title agency at the time the new title insurance is requested. NOTE: The reissue rate is availabe regardless of how long you keep the property, long or short term, as long as the prior Owner Policy is provided.
Dit is versekering wat uitgeneem word op risiko of skade wat gely kan word. Die versekerde persoon moet 'n verskerbare belang he in die eiendom wat hy versker. Dit verleen aan… die versekerde die gemoedsrus om met sy daaglikse werk aan te gaan. Short Term Health Insurance aka Short Term Medical Insurance is designed to provide coverage for healthcare costs for short periods (usually less than a year). These plans are very affordable and ideal for those who are un-employed, in-between jobs, fresh graduates and temporary workers. Plan Benefits include: In-patient & out-patient expenses due to sickness or injuries Prescription Drugs (some plans cover only in-patient drugs) Ambulance Costs X-Rays & Diagnostics Coverage can vary by state. Interestingly, in some states Short Term Health Insurance is not available. You can review a good sampling of plans at http://www.nriol.net/short-term-health-insurance/
One of the musts in ur insurance kitty is term plan. y?? They offer u high insurance value at little cost..example : insured of Rs 20 Lakhs (as we had discussed in p…revious post) costs u only 5722 Rs per annum, while a money back plan costs u a whopping 67000. So y is the term plan so cheap..the flip side is..if u happen to survive the insured period (say 25 yrs), u dont get a dime back.that means an amount of (5722*25) 1,43,000 goes down the drain. So shud u go for it?????????? Ofcourse..there is no doubt about it..It is mandatory..the low costs outweigh the negatives. http://learningsofanamatuerinvestor.blogspot.com/search/label/term%20insurance
This can be answered in many different ways, but I will try to wrap it up into one post. Term LI appeals to people who may be on a budget, who have younger children, a new mor…tgage, a new business, or who just want some extra coverage beyond their current policy. The rates are lower and the policy amount is much higher. Ex: 25-yr-old male Term $150,000 for $27.00/month for 30 years 25-yr-old male Whole $50,000 for $45.00/month until death I would say target one of the categories stated above and show the importance of the low rates and higher policy benefit if something should happen within the time-frame of the years.
If you have a permanent type of policy such as whole life or universal life there may be some cash value to recover.If it is a term insurance policy there is no cash value so… there is nothing to "cash out".
Term life insurance rate varies by the company you are getting life insurance from. Some insurance rates will vary from pretty cheap to pretty expensive. It is important to de…cide what you want in life insurance and then select the best option and compare the rates.
FMO stands for Field Marketing Organization. They are an extension of an insurance carrier designed to distribute their products and in some cases, other carriers products. …FMO's are marketing organizations owned by the insurance carrier, as opposed to IMO which is Independent Marketing Organization or NMO National Marketing Organization. Generally speaking, the insurance carrier is behind the scenes but very involved in directing the activities of the FMO.
insurance companies are important sources of term loans. The premiums generated constitute advances to the insurance companies for periods varying from six months to five more… years.This gives to rise to funds held for policy holders by the insurer, funds that must be invested in some manner.