NCUA
Insurance Can Reach $1.2 Million!
1. Husband and wife -$600,000
| Individual
Accounts: |
|
Husband |
$100,000 |
| Wife |
$100,000 |
| Joint
Accounts: |
|
| Husband
& Wife |
$200,000 |
| Revocable
Trusts Accounts: |
|
| Husband
as Trustee for Wife |
$100,000 |
| Wife
as Trustee for Husband |
$100,000 |
| Total |
$600,000 |
2.
Husband, wife and two children - $1,200,000
| Individual
Accounts: |
|
| Husband |
$100,000 |
| Wife |
$100,000 |
| Child
Number 1 |
$100,000 |
| Child
Number 2 |
$100,000 |
| Joint
Accounts: |
|
| Husband
& Wife |
$100,000 |
| Husband
& Child No. 1 |
$100,000 |
| Wife
& Child No. 2 |
$100,000 |
| Child
No. 1 & Child No. 2 |
$100,000 |
| Revocable
Trusts Accounts: |
|
| Husband
as Trustee for Wife |
$100,000 |
| Husband
as Trustee for Child No. 1 |
$100,000 |
| Husband
as Trustee for Child No. 2 |
$100,000 |
| Wife
as Trustee for Husband |
$100,000 |
| Total
|
$1,200,000 |
3.
Husband, wife and one child - $900,000
| Individual
Accounts: |
|
| Husband |
$100,000 |
| Wife |
$100,000 |
| Child |
$100,000 |
| Joint
Accounts: |
|
| Husband
& Wife |
$100,000 |
| Husband
& Child |
$100,000 |
| Wife
& Child |
$100,000 |
| Revocable
Trusts Accounts: |
|
| Husband
as Trustee for Wife |
$100,000 |
| Husband
as Trustee fo Child |
$100,000 |
| Wife
as Trustee for Husband |
$100,000 |
| Total |
$900,000 |
4.
Parent and one child - $600,000
| Individual
Accounts: |
|
| Parent |
$100,000 |
| Child |
$100,000 |
| Joint
Accounts: |
|
| Parent
& Child |
$100,000 |
| Revocable
Trusts Accounts: |
|
| Parent
as Trustee for Child |
$100,000 |
| Child
as Trustee for Parent |
$100,000 |
| Total |
$600,000 |
5.
Grandfather, grandmother and a grandchild - $900,000
| Individual
Accounts: |
|
| Grandfather |
$100,000 |
| Grandmother |
$100,000 |
| Grandchild |
$100,000 |
| Joint
Accounts: |
|
| Grandfather
& Grandmother |
$100,000 |
| Grandfather
& Grandchild |
$100,000 |
| Grandmother
& Grandchild |
$100,000 |
| Revocable
Trusts Accounts: |
|
| Grandfather
as Trustee for Grandmother |
$100,000 |
| Grandfather
as Trustee for Grandchild |
$100,000 |
| Grandmother
as Trustee for Grandfather |
$100,000 |
| Total
|
$900,000 |
6.
Grandparent and two grandchildren - $800,000
| Individual
Accounts: |
|
| Grandparent |
$100,000 |
| Grandchild
No. 1 |
$100,000 |
| Grandchild
No. 2 |
$100,000 |
| Joint
Accounts: |
|
| Grandparent
& Grandchild No. 1 |
$100,000 |
| Grandparent
& Grandchild No. 2 |
$100,000 |
| Grandchild
No. 1 & No. 2 |
$100,000 |
| Revocable
Trusts Accounts: |
|
| Grandparent
as Trustee for Grandchild No. 1 |
$100,000 |
| Grandparent
as Trustee for Grandchild No. 2 |
$100,000 |
| Total
|
$800,000 |
|