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250K Insurance Issue --FYI.

diamondx   |     |   96 posts since 2011

I have and account in my name only with one pod beneficiary and am told that the account is only insured to $250k.  In order to double that insurance , another beneficary would need to be added.  

IF I had it set up as a joint account --then each of the account holders would have the 250k coverage thus making the account insured to 500k.