What is the term for a withdrawal plan where clients receive money for a designated period until the mutual fund investment is fully paid out?

The term used to describe a withdrawal plan where clients receive money over a specified period until their mutual fund investment is completely depleted is known as a fixed period withdrawal plan. This type of plan allows investors to set a predetermined duration for withdrawals, providing them with a structured and predictable income stream. By choosing a fixed period, clients can effectively manage their cash flow, ensuring they receive a consistent amount of money over the chosen timeframe.

In contrast, other options like a life withdrawal plan typically involve ongoing withdrawals that may extend as long as the investor is alive, potentially allowing for a variable payout depending on the performance of the fund. Joint account plans usually pertain to accounts held by multiple individuals and don't specifically focus on structured withdrawal periods. Group withdrawal plans might involve a collective approach for withdrawals but do not inherently imply a specific payment schedule tied to an individual client’s investment depletion.

Thus, the fixed period withdrawal plan best captures the essence of a structured withdrawal approach for mutual fund investments within a set timeframe.