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In fact, instead of offering the normal $250,000 in FDIC insurance, Seed will insure up to $50 million.
Of that amount, it can insure up to $100,000 in cash.
If any assets are missing, the corporation will insure an account up to $500,000; of that amount, it can insure up to $100,000 in cash.
The program was supposed to go into effect on Jan . 1 this year and state officials predicted that it would insure up to a million people.
The foreclosure rescue bill would authorize the housing administration to insure up to $300 billion in refinanced mortgages, enabling borrowers now saddled with unaffordable loans to refinance.
Assessing the value of the government's offer to insure up to £585 billion ($956 billion) of the banks' bad loans through its asset-protection scheme (APS) could be crucial.
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By taking out a life insurance policy that insures up to the amount of your debt, you can spare a relative that financial shock.
The packets were also insured up to £10.
If banks do get into trouble, depositors' money is insured, up to set limits.
Nearly eight out of 10 79 percentt) young adults reported that they were insured, up from 69 percent in 2010.
Deposits are insured up to £31,700, or about $64,000, compared with up to $100,000 in the United States.
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