1. User Guide
  2. Deposit Insurance Calculations as per FDIC 370
  3. ORC Classification and Insurance Calculation
  4. Trust Accounts
  5. Death of Beneficiaries
  6. Beneficiaries deceased without Successor beneficiaries

5.3.5.2.2 Beneficiaries deceased without Successor beneficiaries

A) All beneficiaries deceased: Under FDIC guidelines, in this case, the amount belonging to the deceased beneficiary will be treated as funds in the Single/Joint account of the grantor(s).

B) Some beneficiaries deceased: In this case, the funds belonging to the deceased beneficiary is ignored for the purposes of insurance calculation.