Separate account

Separate Account

An account at an insurance company where funds are invested for a variable annuity. Because the annuitant in a variable annuity assumes the risk of the investment of his/her contributions, his/her funds are held in a separate account away from the general pool of funds that are invested for fixed annuities.

Separate account.

An insurance company's separate account is established to hold the premiums you use to purchase funds included in variable annuity contracts the company offers.

The separate account is distinct from the company's general account, which holds the company's assets as well as premiums for fixed annuities and fixed-income separate account funds.

Assets in a company's separate account are not vulnerable to the claims of creditors, as assets in the general account are. But they can be affected by the ups and downs of the marketplace. Any gain or loss in the annuity's value results from the investment performance of the investments in the separate account funds you select.

单词	separate account
释义	Separate account Separate Account An account at an insurance company where funds are invested for a variable annuity. Because the annuitant in a variable annuity assumes the risk of the investment of his/her contributions, his/her funds are held in a separate account away from the general pool of funds that are invested for fixed annuities. Separate account. An insurance company's separate account is established to hold the premiums you use to purchase funds included in variable annuity contracts the company offers. The separate account is distinct from the company's general account, which holds the company's assets as well as premiums for fixed annuities and fixed-income separate account funds. Assets in a company's separate account are not vulnerable to the claims of creditors, as assets in the general account are. But they can be affected by the ups and downs of the marketplace. Any gain or loss in the annuity's value results from the investment performance of the investments in the separate account funds you select.
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