The correct answer is "True."

You may qualify for more than $100,000 in coverage at one insured institution if you own deposit accounts in different ownership categories as defined by the FDIC. The most common ownership categories are single, retirement, joint and revocable trust accounts (those refer to trust accounts in which the owner retains full control over the money during his or her lifetime). Your deposits in each of those categories are separately insured to $100,000. If certain conditions are met, your revocable trust accounts are insured up to $100,000 for each beneficiary. For more details, consult the FDIC resources noted in "How did you do?"