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Last updated July 21, 2009
First Central National Life Insurance Company of New York is a member of HSBC. HSBC Holdings is one of the world’s largest banks by asset, active throughout the United Kingdom, Europe, North and South America, Asia/Pacific, Australia, the Middle East and Africa. Founded in 1990, the company now has 10,000 offices in more than 80 countries, providing customer and commercial banking services, asset management, private banking, credit cards, securities underwriting and trading, insurance and leasing.
As of 2009, HSBC is both the world’s largest banking group and the world’s 6th largest company according to Forbes magazine. The group was founded from The Hongkong and Shanghai Banking Corporation based in Hong Kong, the acronym of which led to the current name. Today, Hong Kong still continues to be a significant source of its income. Recent acquisitions and expansion in China are returning HSBC back to its roots. HSBC provides lending, investment, and insurance activities around the world.
First Central National offers term life insurance with a variety of options and features. Term life insurance, as the name suggests, provides protection for a contracted period of time, or term. If the insured dies within that set time, death benefits will be paid to the beneficiaries. Otherwise, the policy expires and a new policy is needed for coverage to continue. First Central National term life options come in 10, 20 and 30 year terms and provide coverage up to $500,000.
Contact First Central National at: First Central National 200 Somerset Corporate Blvd., Suite 100 Bridgewater, NJ 08807 Telephone: (800) 443-7187 Sources: “Term Life Insurance Products,” HSBC web site 2009; “HSBC,” WIkipedia web site, 2009; “HSBC Holdings plc,” Hoovers web site, 2009.