[randomhodler84]

Neither is the 600k FDIC unless it is in 3 different bank accounts earning 0.01%pa. Securities… well you got SIPC protections if the brokerage fails but that ain’t insurance. Insurance is useful sure but insurance also is a cost. Some risks in life are uninsurable.

[xnx]

I think the FDIC will insure $1,250,000 if you name 5 beneficiaries.