Flexible

Choice of Investments - CHET offers you a choice of eight investment options: Managed Allocation Option, Aggressive Managed Allocation Option, High Equity Option, 100% Equity Index Option, Social Choice Option, 100% Fixed-Income Option, Principal Plus Interest Option and the Money Market Option. The Principal Plus Interest Option provides a guarantee of principal and a minimum rate of interest to the CHET, but not to account owners or beneficiaries. Effective February 18, 2008, transfers from the Principal Plus Interest Option to the Money Market Option will not be permitted. (If this restriction changes, investors will be notified prior to the effective date of any such change.) These options vary in their investment strategy and degree of risk, allowing you to select an option or combination of options that fits your needs and investment philosophy.

Anyone May Open an Account - Parents, grandparents, relatives and friends who are U.S. citizens or resident aliens may open an account and contribute to CHET on behalf of a beneficiary. Connecticut state residency is not required.

No Income or Annual Contribution Limits - There are no income limits and no annual contribution limits.

No Annual Contribution Limits; Overall Maximum Account Balance Limit of $300,000 - There is no annual limit on the amount you may contribute. However, there is an overall maximum account balance limit of $300,000 which applies to all accounts opened for a beneficiary. An account owner may contribute to a beneficiary's account if, at the time of the contribution, the total balance of all accounts for that beneficiary does not exceed $300,000. Accounts that have reached the Maximum Account Balance Limit may continue to accrue earnings.

Low Minimum Contribution - You can open an account with a $25 check, money order, electronic funds transfer, or through the Automatic Contribution Plan. You can also contribute as little as $15 per investment option per pay period using payroll deduction through participating employers. Each account can have only one account owner and one beneficiary. However, each beneficiary may have more than one account and you may open separate accounts for as many different beneficiaries as you wish. If you want to invest in more than one investment option, you must contribute a minimum of $25 per investment option per beneficiary, or $15 per investment option per account if you are using payroll deduction.

Transfer to Another Beneficiary - If your beneficiary does not attend an eligible educational institution, you may name another eligible beneficiary for your account. The new beneficiary must be a member of the previous beneficiary's family, as described in the CHET Disclosure Booklet and Participation Agreement (PDF, 2,144KB), in order to avoid having this change treated as a non-qualified withdrawal. Effective February 18, 2008, transfers (including transfers when there is a change of the Beneficiary) from the Principal Plus Interest Option to the Money Market Option will not be permitted. (If this restriction changes, investors will be notified prior to the effective date of any such change.)

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