Series 6: Education Savings Bond Program

Taken from our Series 6 - Investment Company Products/Variable Contracts Representative Exam

Definition of the term Education Savings Bond Program...

program whose purpose is to benefit individuals paying for qualified college expenses for themselves, their spouses, or their dependents. Under the program, the interest from either Series EE or I Series bonds is tax exempt if it is used for qualified purposes in the same calendar year the bond is redeemed.

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