1. Deposit Insurance Calculations for Liquidity Risk Management User Guide
  2. FDIC Part 370 Calculations
  3. Prerequisites for Insurance Calculation
  4. Recognition of Death of Parties

6.2.4 Recognition of Death of Parties

This section applies to the FDIC Customer type 'Individual' only. FDIC provides a six months grace period for recognizing an individual customer’s death for deposit insurance coverage. That is an individual is recognized as dead only after 6 months from the date of his/her death for deposit insurance purposes. This grace period applies to customers only and does not apply to account participants such as beneficiaries.