Home
Forms Library
Select One: Initiate Dollar Cost Averaging Program Change existing

Select One: Initiate Dollar Cost Averaging Program Change existing 2025

Select One: Initiate Dollar Cost Averaging Program Change existing Preview on Page 1

See details

4.6 out of 5

55 votes

The document outlines the Dollar Cost Averaging (DCA) Program offered by MONY Life Insurance Company of America (MLOA), detailing enrollment options, transfer periods, asset allocation choices, and authorization requirements. It specifies that a minimum investment of $5,000 is needed to participate and highlights the program's terms, including potential changes and lack of profit guarantees.

Here's how it works

01. Edit your form online

Type text, add images, blackout confidential details, add comments, highlights and more.

02. Sign it in a few clicks

Draw your signature, type it, upload its image, or use your mobile device as a signature pad.

03. Share your form with others

Send it via email, link, or fax. You can also download it, export it or print it out.

How to use or fill out Select One: Initiate Dollar Cost Averaging Program Change existing

Ease of Setup

DocHub User Ratings on G2

Ease of Use

DocHub User Ratings on G2

Click ‘Get Form’ to open it in the editor.
Begin by selecting your desired option under 'Select One' for either initiating or changing an existing Dollar Cost Averaging Program.
In the 'DCA Transfer Program' section, specify the amount you wish to transfer from your Money Market subaccount and select the frequency of transfers (monthly or quarterly).
Allocate your transfers by selecting from the various asset allocation options provided. Enter the dollar amounts for each selected allocation.
Complete the 'Authorization' section by signing, printing your name, and providing your policy number and contact information.
Review all entries for accuracy before submitting. Ensure that any required fields are filled out correctly.

Start using our platform today to easily manage your Dollar Cost Averaging Program!

be ready to get more

Complete this form in 5 minutes or less

Get form

Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

Why is dollar-cost averaging not good?

Part of the problem with dollar-cost averaging is that it isnt obvious how you should spread out your investment. Whats worse, it actually matters. It isnt enough to guess right that the price is going to go down, you have to time it so that youre done investing before it goes up too much.

What is the dollar-cost averaging change?

Investors who use a DCA strategy will generally lower their cost basis in an investment over time. The lower cost basis will lead to less of a loss on investments that decline in price and generate greater gains on investments that increase in price.

What are the drawbacks of DCA?

DCA may not be the best choice in a rapidly rising market, as investing over time can result in buying at progressively higher prices. Additionally, if transaction fees are high, the costs could outweigh the benefits of the strategy.

When should you not dollar cost average?

Basically, when you feel you have accumulated enough of your total investment dollars into the stock(s) you were purchasing thru dollar cost averaging, you can stop.

What is the best strategy for dollar-cost averaging?

Dollar-cost averaging is the practice of investing a fixed dollar amount on a regular basis, regardless of the share price. Its a good way to develop a disciplined investing habit, be more efficient in how you invest, and potentially lower your stress levelas well as your average cost per share.

What is the problem with dollar-cost averaging?

Cons of Dollar-Cost Averaging One disadvantage of dollar-cost averaging is that the market tends to go up over time. Thus, investing a lump sum earlier is likely to do better than investing smaller amounts over a long period of time.

What does Warren Buffett say about dollar-cost averaging?

He highlighted the strategy of dollar-cost averaging, which involves investing a fixed amount of money into your diversified portfolio at regular intervals. Its a terrible mistake to think of stocks as something that bob up and down and that you should pay attention to those bobs up and down, Buffett added.

Select One: Initiate Dollar Cost Averaging Program Change existing 2025

Here's how it works