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FDIC stands for the "Fedral Deposit Insurance Corporation". This is a federal government entity set up after the the stock market crash of the 1930's bankrupted thousands of b…anks and other financal institutions across the United States. Millions of people lost their entire life savings when the banks defaulted. When they went to withdraw their savings or checking accounts they were turned away because the bank had no money to give them. At that time their was little if anything the public could do to recoup their losses. Today the FDIC insures consumer deposits in member financial institutions up to the stated amount.
Term Insurance is a life insurance policy , a contract between the insured and the life insurance company. Term insurance can be taken for a period of 5, 10, 15 or 30 year…s. In case of sudden death or loss of income, your family and loved ones need not suffer financial crisis as they would get a lump sum amount from the insurance company.
PD insurance stands for Property Damage. It is a portion of the liability insurance required by most states. This is the part of the policy that will pay for damage that… the insured vehicle caused to another person's property, such as a vehicle or some other property.
Usually it means Dwelling Fire.
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
What does POS insurance stand for? What does POS insurance stand for?
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.
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.
Summary of Benefits and Coverage
Super General Agency
Policy Issue Page
Term insurance provides coverage for only a certain number of years. You can buy term for periods of one year to 30 years. You generally pays terms monthly or annually basis.
Depending upon the context, it may stand for Workers Compensation. Generally, Workers Compensation coverage is primary (over private health insurance) for a work-related injur…y. This means that the benefits payable under Worker's Compensation are first paid before any liability under the health insurance policy is triggered.
TASA stands for 'Total Actual Sum Assured'
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.
In terms of medical insurance, the acronym HSA stands for a Health Savings Account. This is an account that is created for those who are covered by different high-deductible p…lans.