David Duston
MoneyWorks Group
What Does the FDIC Not Guarantee or Insure
We all know that the Federal Deposit Insurance Corporation insures our bank deposits.
They are safe, and they are guaranteed. We, as a nation, depend on these guarantees as to the financial backbone of our monetary system.Have you ever wondered what is not insured?- Investments in stocks, bonds, mutual funds, municipal bonds or other securitiesAnnuities, variable annuities are securities and are backed by the actual assets in the annuity. Annuities issued by insurance companies are insured by the issuing insurance company as well as the individual's state of residence (State Guarantee Fund)
- Life insurance products even if purchased at an insured bank
- Treasury bills (T-bills), bonds or notes
- Safe deposit boxes and their contents
- Losses by theft (although stolen funds may be covered by the bank's hazard and casualty insurance)
David Duston
MoneyWorks Group
4324 Mapleshade Lane
Suite 161
Plano, Texas 75093
david@moneyworksgroup.com
(214) 584-6391
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