The fund company will sell you shares at that price (don't forget about any sales charge, see below) or will buy back your shares at that price (
possibly less some fee).
Not exact matches
Possibly the most glaring is that you get
less than 100 % of market upside and more than 100 % of the market downside (because of
fees to implement).
But this
fee should be minimal,
possibly around $ 100 or
less and you shouldn't have to pay a
fee until you've decided to sign up for the service.
The family would avoid probate
fees, and
possibly pay
less ongoing taxes on investment earnings.