We mentioned alphabet soup, yet that only covered the acronyms for different agent communities. Here’s a comprehensive list of terms you might come across as a financial professional.
TC: Truth Concepts
PEMA: Prosperity Economics Movement
PEMA: Prosperity Economics Advisors
BOY: Beginning of year
EOY: End of Year
IRR: Internal Rate of Return
ROR: Rate of Return
PFT/PFTA: Prosperity Flow-Through Account
PUA: Paid-up Additions
PLI: Permanent Life Insurance
IUL: Indexed Universal Life (insurance)
EIUL: Equity Indexed Life (insurance)
VUL: Variable Universal Life (insurance)
UL: Universal Life (insurance)
WD: Withdrawal
CV: Cash value
DB: Death benefit
YRT: Yearly-Renewable Term (insurance)
CG: Capital gains
CRT: Charitable Remainder Trust
DST: Deferred Sales Trust
WL: Whole Life (insurance)
CD: Certificate of Deposit
IMO: Independent Marketing Organization
FMO: Field Marketing Organization
NMO: National Marketing Office
MGA: Managing General Agent
GA: General Agent
BGA: Brokerage General Agency
PPGA: Personal Producing General Agent
CFB: Cash Flow Bridge
VB: Volatility Buffer
ETF: Exchange Traded Funds
FDIC: Federal Deposit Insurance Corporation
FRB: Federal Reserve Board
IRA: Individual Retirement Account
REIT: Real Estate Investment Trust
SEC: Securities Exchange Commission
TSA: Tax Sheltered Annuity
SPIA: Single Premium Immediate Annuity MEC: Modified Endowment Contract
