PUA
Abbreviation with 2 meanings
| Stands for | Pandemic Unemployment Assistance |
|---|---|
| Meanings | 2 |
| Categories | Government & Politics, Business & Finance |
PUA has two meanings. It stands for Pandemic Unemployment Assistance (public program) or Paid-up additions (insurance).
Meanings of PUA at a glance
| # | PUA stands for | Context |
|---|---|---|
| 1 | Pandemic Unemployment Assistance | Government & Politics › Public Program |
| 2 | Paid-up additions | Business & Finance › Insurance |
1. Pandemic Unemployment Assistance
Government & Politics · Public Program Abbreviations
Temporary federal unemployment program created by the CARES Act in March 2020 that covered self-employed people, gig workers, independent contractors and others not eligible for regular state benefits. It ended nationally in September 2021.
Example: As a rideshare driver, he collected PUA for more than a year during the pandemic.
States administered PUA with little time to build systems, and because early rules relied on self-certification, it became a major target of identity fraud; investigations and prosecutions continued years later. Some states ended participation early in mid-2021, citing labor shortages.
2. Paid-up additions
Business & Finance · Insurance Abbreviations
Small blocks of fully paid whole life insurance purchased with policy dividends or extra premiums, each adding to both the death benefit and cash value.
Example: We direct dividends to PUAs so the coverage grows every year.
PUA riders are central to "infinite banking" strategies promoted for policy loans, which critics consider oversold.
Related abbreviations
More public program abbreviations
- OPT – Optional Practical Training
- PHA – Public housing agency
- PPP – Paycheck Protection Program
- PSLF – Public Service Loan Forgiveness
- PWA – Public Works Administration
- REA – Rural Electrification Administration
- SAI – Student Aid Index
- SAVE – Saving on a Valuable Education plan
See all 65 public program abbreviations →