What is the maximum amount to be insured in a Trust Account?

A testamentary account in which the named beneficiary is the spouse, child, or grandchild of the owner, is “insured up to $100,000 in the aggregate as to each such beneficiary, separately from any other accounts of the owner or beneficiary, regardless of the membership status of the beneficiary.” If the named beneficiary is not the owner’s spouse, child, or grandchild, then the funds in the account “shall be added to any individual accounts of such owner and insured by $100,000 in the aggregate.”