Forex currency trading – A confirmation of the opening of a voluntary account and of each purchase thereunder is sent to the investor; however, certificates are kept in safekeeping by a custodian for the fund unless the investor specifically requests delivery.
Of course, under the voluntary plan the investor may withdraw at any time without penalty,liquidating his shares, if he wishes, as readily as shares bought in the regular way through any brokerage firm. Contractual plans are opened in much the same way as are voluntary plans. In addition, a period for the life of the plan will be fixed, and monthly payments or total investment required will be specified. In most cases life insurance is available on the unpaid-plan balance. Insurance premiums are geared to decrease as each plan payment is made. Just as in the voluntary plan, shares held under a contractual plan may be easily liquidated.
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