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Important Update: Changes in FDIC Deposit Insurance Coverage

The FDIC deposit insurance rules have undergone a series of changes starting in the fall of 2008. As a result, certain previously published information related to FDIC insurance coverage may not reflect the current rules. For details about the changes, visit Changes in FDIC Deposit Insurance Coverage. For more information about FDIC insurance, go to www.fdic.gov/deposit/deposits/index.html or call toll-free 1-877-ASK-FDIC (1-877-275-3342). For the hearing-impaired, the number is 1-800-925-4618.

Winter 2003/2004

A Final Exam
2. If you picked "False" you are correct.

There's a term for the process of organizing your financial affairs so that your money, property and other assets can go to your heirs with a minimum of costs, taxes and hassles. It's called "estate planning." For many of us, that probably means making and periodically updating a will. However, there are many different ways to help preserve assets for your heirs — trusts (specific arrangements for setting money or property aside for the benefit of another person), bank accounts, investments and so on — each with its own pros, cons and costs. See full story...

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Last Updated 03/04/2004 communications@fdic.gov