Series 6 - Investment Company And Variable Contracts Products Representative Exam
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Which of the following statements about voluntary accumulation plans is true?
They may require a minimum initial purchase and minimum additional purchase amounts.
A
If a customer misses a payment, the fund penalizes him.
B
The customer must give 30 days' notice before discontinuing the plan.
C
Automatic withdrawal from customers' checking accounts are not permitted.
D
Explanations
Voluntary accumulation plans may require a minimum initial purchase and minimum additional purchase amounts.