FDIC insurance
Federal insurance on bank deposits up to a limit per depositor per bank.
Where it is explained in full
Whole life insurance: what it is, who uses it, and the arithmetic nobody shows you. A life insurance policy that also holds a savings account inside it. It is sold to almost everyone and it fits a few people well. This page explains how it works and how to tell which you are, and it never tells you what to buy.
When size changes the answer: ten dollars, ten thousand, and a hundred million are not the same money. Arithmetic scales in a straight line. The world does not. Past certain sizes, insurance runs out, prices move against you, rules change, and the cheap thing becomes expensive or the expensive thing becomes cheap. This page names the lines.
A definition says what a thing is; it never says whether it fits you. The guides explain how it works and name the professional who confirms it for a particular person. The No Advice Disclosure.
Words beside it
- health insurance
A plan you pay for regularly that helps cover the cost of medical care so you are not paying the full bill yourself. You usually must have a specific type called a high deductible health plan to open an HSA.
- Term life insurance
Life insurance for a set number of years. Cheap, and usually the right kind.
- Umbrella insurance
Liability coverage above your home and auto policies.
- Whole life insurance
Insurance plus a savings component, usually expensive for what it does.
Ask about FDIC insurance
A model reads this page and answers from it. It will say when the answer is not on the page. Education, not personalized advice.