Separate account

(redirected from Separate Accounts)
Also found in: Wikipedia.

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.

References in classic literature ?
And while the three-headed Cerberus was fawning so lovingly on King Pluto, there was the dragon tail wagging against its will, and looking as cross and ill-natured as you can imagine, on its own separate account.
domiciled Large Growth separate accounts over the following time periods: 506 separate accounts in the last three years, 488 separate accounts in the last five years, and 381 separate accounts in the last ten years.
Our goal is to bring transparency to hedge funds and separate accounts in much the same way we did for mutual funds more than 20 years ago.
CSVIM will manage separate accounts, and may also raise and manage commingled real estate investment funds for high-net-worth and institutional investors.
If the trust is a qualifying trust, can separate accounts be set up fur each of the beneficiaries and their own lives used to calculate the required distributions, rather than the spouse's life?
Sonia Stockton, regional director of the Maryland Small Business Development Center at Towson University, says business owners don't separate accounts for a number of reasons, from not planning for the future to having concerns about the additional money needed to set up the account.
The statement provides guidance on financial reporting by separate accounts of insurance enterprises.
The SOP will provide guidance on reporting financial highlights by separate accounts of insurance enterprises.
There are disadvantages to using separate accounts, of course.
The government plans to urge securities houses to shut down if they fail to comply with an industry rule requiring them to clearly separate accounts for their customers and those for their own trading, a government source said Friday.
Principal LDI Separate Accounts offer liability-driven investing for all plans of all sizes