Are living trust accounts and “payable on death” accounts separately insured?
The $100,000 per-beneficiary insurance limit applies to all revocable trust accounts payable on death (POD) and living trust accounts that an owner has at the same bank. Example: A father has a POD account naming his son and daughter as beneficiaries and he has a living trust account naming the same beneficiaries. The funds in both accounts would be added together and the total insured up to $200,000 ($100,000 per qualifying beneficiary).
