When the beneficiaries are your spouse, child, grandchild, parent or sibling, each is separately insured to $100,000, and this is in addition to the insurance on valid individual and joint accounts they may already have at that bank. FDIC insurance is based on the type of account and ownership. If you have concerns about your dollar amount of coverage, speak with your bank so they may do an assessment or visit the FDIC's Electronic Deposit Insurance Estimator (EDIE).
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