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After the FDIC raised the limits on deposits held at banks and savings and loans, it left other investment instruments, such as annuities, at somewhat of a disadvantage in Florida, since FLAHIGA limits on cash values were still capped at $100,000. Many other states had already raised their cash value limits to $250,000 or even $300,000 for annuities. H.B. 159 sought to bring FLAHIGA more in line with similar guaranty mechanisms in other states and with the FDIC limits for investments held in banks. This legislation raises the FLAHIGA limits on cash values of annuities from $100,000 to $250,000 and levels the playing field for investors who want alternatives to putting their money in the bank. The bill went into effect on July 1, 2010. Starting on this date, investors will have the same protection when putting their cash into a deferred annuity contract as they would when putting money in an FDIC-insured bank.
What else can I help you with?
What is the limit for fdic insured certificates of deposit in Omaha, NE?
the insurance has been increased to $250,000 till December
Why has my mortgage increased due to changes in escrow?
Your mortgage may have increased due to changes in escrow because the amount needed to cover property taxes, insurance, or other escrowed expenses has gone up. This can happen if the costs of these expenses have increased or if there was a shortage in the escrow account.
How can a diabetic get home morgage insurance?
I assume that you are talking about life insurance to cover your mortgage if you die. Life insurance is issued all the time for people with diabetes. Depending on the type and severity of your diabetes, an insurance company will most likely offer you a policy with a slightly or greatly increased premium. Talk with an independent insurance agent in your area, be truthful with them and they can find the best company for you and your situation.
Why did the escrow increase?
The escrow increased because the amount of money needed to cover expenses like property taxes and insurance went up.
Why did my escrow increase?
Your escrow may have increased due to changes in your property taxes or insurance premiums, which are typically included in your monthly mortgage payment. These costs can fluctuate based on factors such as reassessment of property value or changes in insurance rates.
What are the worries from increased use of the Internet in a democracy?
The ability to get information quickly does not guarantee its reliability.
What causes insurance premiums to increase?
Increased risk.
Can your term life insurance payment be increased after a period of time?
No, you are to opt for a fresh term life insurance policy if you are willing to pay increased premium for additional coverage.
How long does an insurance company bill you for an accident on your insurance policy?
Generally your premiums are increased for 5-7 years.
Does increased cost of construction insurance clause affect the co-insurance clause of the policy?
NO, Increased Cost of Construction is exactly as stated, also known as "Replacement Cost". It does not affect the Coinsurance clause of your insuring contract
How many fold have fire insurance premiums increased since 1939?
fivefold
How does your son DUI effect your insurance?
If he is on your policy it may result in increased premiums.
Why was Georgia funded?
The Georgia School Counselors Association represents, promotes, and there is increased funding for school counseling.
What played a major role in increased cost of healthcare?
Insurance company's overcharging. drug company's overcharging insurance company's overcharging.. the medical profession overcharging, insurance company's overcharging.
When did the fdic start insuring the 100000 limit?
http://www.cbbwi.com/fdic.htm1980: Deposit insurance increased to $100,000.00; FDIC insurance fund is $11 billion.
Does optical insurance cover disposable contact lenses?
If you were to purchase optical insurance, you would have to pay an increased rate for a preexisting condition. However, the optical insurance would cover the cost of of the lenses.
What kind of organization is the American Heart Association?
The American Heart Association is a non-profit that focuses on education about cardiac issues. In addition, it promotes research into heart disease and lobbies for increased awareness of the issue.
