Jeff7181
Lifer
- Aug 21, 2002
- 18,368
- 11
- 81
I think it's a good idea. That policy hasn't been updated in a while if I'm not mistaken. So insuring someone's bank account for $100,000 now doesn't have the same effect as it did when it was put into place. It's not uncommon for someone to have $100,000 in savings. It's MORE common for someone to spread that out over various retirement funds and such, but having $100,000 in the bank today doesn't mean what it did even just 10 years ago.