Regular accounts

Individual account

An individual account is owned by one person. The owner has sole authority to make purchases, redemptions, address changes and any other changes to the account. In the event the owner dies, the account generally becomes part of the owner's estate.

Joint account

A joint account is owned by two or more people as "joint tenants with rights of survivorship". The owners act together in making changes to the account. In the event one owner dies, the account passes to the surviving owner(s).

If requested, a joint account can be registered as "tenants in common". This allows each owner to name the person(s) to whom their interest should be transferred in the event of the owner's death.

Trusts

An account can be registered in the name of a trust such as a living trust, family trust, charitable trust etc. The trust must be in existence in order for the account to be established. The trustee(s) of the trust authorize the establishment of the account and authorize all subsequent transactions and changes to the account.

Corporation/partnership/other entity

An account may be established in the name of a corporation, partnership or other entity (such as an estate, limited liability company, etc.) The individual(s) authorized to establish the account can make subsequent transactions and other changes to the account on behalf of the entity.

State Farm VP Management Corp Risk/Important Disclosures. State Farm Mutual Funds Prospectus. The State Farm College Savings Plan Enrollment Handbook (PDF 260 KB) .

Ready to get started?

Need Assistance? 1-800-447-4930

AP2007/12/9642