Also, I would be careful about going over $100,000 for the whole *household*, in case of death. I had heard about a widow nearly losing $100,000 in her husband’s name when a bank failed on the day her husband died. Since she had $100,000 already in her name, when her husband died, his account reverted to her name…fortunately, he died at 10pm, *after* the bank failed at 2pm, so technically she didn’t lose half her life’s savings!
Not that bank failures are that likely, especially coupled with a death, but if you’re going to spread your risk around, why rely on a technicality to save you?
