|
FDIC Insurance Coverage Examples*:
(For two out of six defined Personal Account Ownership Types.)
A. Single Account Ownership (Owner is Living)
|
|
Savings
Amount |
Insured
Amount |
Uninsured
Amount |
|
|
1. Payable on death (POD) - No beneficiary |
$ 600,000 |
$ 250,000 |
$ 350,000 |
|
|
2. POD - 1 living beneficiary/(person) |
$ 600,000 |
$ 250,000 |
$ 350,000 |
|
|
3. POD - 2 living beneficiaries/(persons) |
$ 600,000 |
$ 500,000 |
$ 100,000 |
|
|
4. POD - 3 living beneficiaries/(persons) |
$ 600,000 |
$ 600,000 |
$ 0 |
|
|
5. POD - 4 living beneficiaries/(persons) |
$ 1,000,000 |
$ 1,000,000 |
$ 0 |
|
|
6. POD - 4 living beneficiaries/(persons) |
$ 1,250,000 |
$ 1,000,000 |
$ 250,000 |
|
B. Payable On Death (POD) (Two Account Owners - both living)
|
|
Savings
Amount |
Insured
Amount |
Uninsured
Amount |
|
|
1. POD - No beneficiary |
$ 500,000 |
$ 500,000 |
$ 0 |
|
|
2. POD - 1 living beneficiary/(person) |
$ 750,000 |
$ 500,000 |
$ 250,000 |
|
|
3. POD - 2 living beneficiaries/(persons) |
$ 750,000 |
$ 750,000 |
$ 0 |
|
|
4. POD - 3 living beneficiaries/(persons) |
$ 1,000,000 |
$ 1,000,000 |
$ 0 |
|
|
5. POD - 3 living beneficiaries/(persons) |
$ 1,500,000 |
$ 1,500,000 |
$ 0 |
|
|
6. POD - 3 living beneficiaries/(persons) |
$ 2,000,000 |
$ 1,500,000 |
$ 500,000 |
|
* Above examples are taken from the FDIC's EDIE Calculator
Thank you for your interest in VERIBANC.
If you have questions or would like to know more about our company or our reports and data sets, please:
Call 1-800-837-4226 (1-800-VERIBANc)
Mail to VERIBANC, Inc., PO Box 608, Greenville, Rhode Island 02828
Or, send us an Email.
We look forward to hearing from you. |
