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

6.3.5.2 Death of Beneficiaries

When a beneficiary is an individual, in case of death of the beneficiary, the insurance allocation varies whether there are any substitute beneficiaries named or not. The death of a beneficiary is recognized immediately for FDIC purposes, without any grace period given.