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Is ING Direct an FDIC insured bank ?
Yes, ING Direct is an FDIC insured Bank. This means that deposits are insured up to $250,000, as are singly held accounts. Joint accounts which are 50/50 ownership are insured up to $250,000 per person, on the account, totalling up to $500,000 for the account. ING Direct is registered with the FDIC in Wilmington, Delaware, under number 35489.
How much of my bank deposits are FDIC insured?
The limit for one person, one account is $250,000. In 2014, that number will reduce to $100,000.
A written order to the to pay a specific amount of money to a person or company out of an account?
A written order to pay a specific amount of money to a person or company out of an account is called a voucher.
What is the difference between the insured and the owner in a life insurance policy?
The insured is the person whose life is being insured, while the owner is the person who owns the policy and has control over it. The owner can make changes to the policy and decide how the benefits are used, even if they are not the insured person.
How much money can a person typically withdraw from an account?
You can withdraw any amount you wish from your account but if you want to withdraw from an ATM there is normally a daily limit in the amount that you can withdraw that depends on each bank.
What the largest amount of money a person can have insured?
Usually, FDIC insures up to $250,000 in deposits.
What is a standard insurance policy?
A standard insurance policy is one in which the insured (Person A) pays a regular premium to the insurer (Person B) In the event of the unfortunate demise of person A, person B is bound to pay the insured amount to A's family. The insurance amount would vary based on the premium A paid and his age.
Is ING Direct an FDIC insured bank ?
Yes, ING Direct is an FDIC insured Bank. This means that deposits are insured up to $250,000, as are singly held accounts. Joint accounts which are 50/50 ownership are insured up to $250,000 per person, on the account, totalling up to $500,000 for the account. ING Direct is registered with the FDIC in Wilmington, Delaware, under number 35489.
When is life insurance paid?
If you are the "insured" or the person that is listed on the life policy for whom the premium is being collected, your "benficiary" that is predetermined by you will be paid the amount of the policy upon your death. If you are a beneficiary, then you will receive the policy amount upon the death of the insured.
How much of my bank deposits are FDIC insured?
The limit for one person, one account is $250,000. In 2014, that number will reduce to $100,000.
How would a banker use a spreadsheet?
To know the amount of each person has and if a person added some money they need to update the amount they put in their account and how much they take out their account.
A written order to the to pay a specific amount of money to a person or company out of an account?
A written order to pay a specific amount of money to a person or company out of an account is called a voucher.
What is meant by other insured on the claim form?
The term "other insured" is another insured person exists who may cover the patient, the insured person who covers the patient on his or her insurance plan.
What is the difference between the insured and the owner in a life insurance policy?
The insured is the person whose life is being insured, while the owner is the person who owns the policy and has control over it. The owner can make changes to the policy and decide how the benefits are used, even if they are not the insured person.
A person who is insured is called?
The "insured" refers to a person or persons who are listed on the insurance policy for whom a premium is being collected.
What happens to insurance when beneficiary dies before insured person?
generally nothing. Insured person can name another beneficiary.
Do you have to be insured to get your license?
A person has to be insured when they get their license because that is what the law says and you need to follow that.
