The term 'REMI' is an acronym for the four letters FA, SO, LA, and TI. It stands for 'Fixed Annuity, Single Premium, Life Annuity, and Term Insurance'. This acronym is used to describe a type of insurance product that combines life insurance with annuities. The fixed annuity provides a guaranteed income stream for the policyholder, while the single premium life annuity provides a lump sum payment at the end of the policy term. The term insurance provides coverage for the policyholder in the event of death or disability. This combination of products provides a comprehensive financial protection package for policyholders.