Definition: First American Title Insurance (FAST) is a type of life insurance policy that was developed by First American National Life Insurance Company in 1976. The first American Title Insurance covers "the family's primary and second line of defense" against death, disability, and temporary loss or damage to property. The policy provides financial protection for the beneficiaries' family members as well as other dependents, such as children, grandchildren, or great-grandchildren. To qualify for a FAST policy, an insured must meet certain minimum income requirements in order to be eligible for a policy. Typically, an insured will need to have at least $500,000 of income before applying for the policy. The insurance company then reviews their financial situation and determines whether they can afford to pay the premium. In addition to providing coverage against death, disability, and temporary loss or damage to property, FAST also provides a range of other benefits, such as survivor benefits and an allowance for dependents. While some people argue that a FAST policy is less competitive than traditional policies, it has become more popular in recent years due to its cost-effectiveness and ease-of-understanding. Many customers prefer the flexibility of having multiple lines of defense with an inexpensive, easy-to-understand policy. Overall, the first American Title Insurance is designed to provide financial protection for family members and other dependents, while also providing a range of benefits that may be more suitable for certain situations or circumstances.

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