Common use of Funding Options Clause in Contracts

Funding Options. CONTRIBUTION FOR TAX YEAR: _ Amount: $ Check is enclosed Check to follow (Contribution must be for a Designated Beneficiary who is under age 18, or for a special needs Designated Beneficiary regardless of age.) ROLLOVER – (Complete the Rollover Certification Form) Approximate amount of rollover: $ This contribution is a Rollover ▇▇▇▇▇▇▇▇▇ ESA, which has been completed within 60 days of receipt of the funds. These funds are from a ▇▇▇▇▇▇▇▇▇ ESA established for the benefit of either the Designated Beneficiary named in this application, or a Family Member of the Designated Beneficiary, as described in Internal Revenue Code Section 529(e)(2), who is under age 30. A completed “Certification of Rollover Assets” form must be attached. TRANSFER – (Complete the Transfer of Assets Form) Approximate amount of rollover: $ The initial contribution to this account is a Transfer of Assets from a ▇▇▇▇▇▇▇▇▇ ESA established for the benefit of the Designated Beneficiary named in this application or an eligible family member for which you are listed as the Responsible Individual authorized to act on the account. A completed “Transfer of Assets Form” providing your investment allocations must be attached.