Can insurance coverage be increased by using a different co-owners Social Security number on each account or changing the way the owners names are listed on the accounts?

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Can insurance coverage be increased by using a different co-owners Social Security number on each account or changing the way the owners names are listed on the accounts?

April 26, 2017account changing co-owner different increased insurance coverage owners social security

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Can I increase coverage for my joint accounts by using a different co-owners Social Security number on each account or changing the way the owners names are listed on the accounts?
Can insurance coverage be increased by dividing my deposits into several different accounts at the same insured bank?
Can insurance coverage be increased by dividing my funds and depositing them into several different accounts?

score 0 · Answer 1 · 2010-08-24T02:15:42+00:00

o Using different Social Security numbers, rearranging the order of names listed on accounts or substituting “and” for “or” in joint account titles does not affect the amount of insurance coverage available to account owners.

Can insurance coverage be increased by using a different co-owners Social Security number on each account or changing the way the owners names are listed on the accounts?

1 Answer

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