Only the Purchaser can make decisions regarding the account such as choosing the type of units and payment method, changing the Beneficiary, cancelling an account, requesting a refund or deciding when and how units are used. Additionally, only the Purchaser may direct Transfers and rollovers.

Even though any individual or entity may make contributions to a contract, only the Purchaser will receive confirmation of contract transactions.

Newly established contracts can be cancelled for a refund of the amount paid, minus the $25 administrative fee, at any time during the initial enrollment period of September 1, 2014, through February 28, 20151. The $25 application fee is non-refundable.

1 No plan earnings will be paid on contracts established during the enrollment period, but cancelled prior to May 1st each enrollment period.