Investment company securities and variable contracts
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| Withdrawal Plans (3 types) | 1. Fixed Dollar Plan 2. Fixed % or Share plan 3. Fixed Time Plan
* Not all mutual funds have withdrawal plans
* Plans are NEVER guaranteed, possible to exhaust by over withdrawing, and can never use a chart to sell WD plans
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| Withdrawal Plans can begin when... | there is a minimum amount of money invested
* No service fee and should not continue to invest once withdrawal begins.
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| Contractual Plans (aka Periodic Payment Plans) | Enables investors to accumulate a sum of $ over a fixed period of time to invest in a mutual fund (usually monthly). Purchaser signs a contract stating to invest certain amount of $ over a period of time usually 10 years.
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| Characteristics of a Contractual Plan | 1. Calls for a fixed Investment made at regular intervals over period of time. 2. Customer is purchasing fund shares from a plan company. 3. Classified as an UIT. 4. Investor receives 2 prospectuses (plan co and invst co). 5. Have a Plan Custodian
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TGC81
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