1. Deposit Insurance Calculations for Liquidity Risk Management User Guide
  2. FDIC Part 370 Calculations
  3. ORC Classification and Insurance Calculation
  4. Trust Accounts
  5. Death of Beneficiaries
  6. Beneficiaries deceased with Successor Beneficiaries

6.3.5.2.1 Beneficiaries deceased with Successor Beneficiaries

Under FDIC Guidelines, for the beneficiaries deceased, if the successor beneficiary(s) is eligible, the Application divides the amount equally among the successor beneficiaries for the deceased beneficiary.