Separate account


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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.
The Overall Morningstar Rating for a separate account is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating metrics.
commenced its CT High Grade Mezzanine[SM] investment management initiative having entered into a $250 mdhon separate account with institutional investors to invest on a discretionary basis in senior commercial real estate mezzanine loans and B Notes and related instruments.
NASDAQ:MORN), Chicago, a leading provider of independent investment research, has entered into a definitive agreement to acquire the institutional hedge fund and separate account database division of InvestorForce, Inc.
Definition: The final regulations define a designated Roth contribution as an elective contribution under a qualified CODA that is (1) designated irrevocably by the employee at the time of the cash or deferred election as a designated Roth contribution; (2) treated by the employer as includible in the employee's income at the time the employee would have received the amount in cash if he or she had not made the cash or deferred election; and (3) maintained by the plan in a separate account.
It's just easier than deciding who's going to pay the mortgage this month or the gas bill,'' said Falkowitz, who adds that having her own money in a separate account allows her to buy, say, a new pair of shoes without feeling guilty.
Because the cost basis can be controlled, the separate account manager can employ loss-harvesting techniques.
If analyzed in the statutory framework of sections 419 and 419A, the argument goes, the term "reserve" merely refers to the post-retirement medical and life insurance liabilities but not to a separate account or other segregation of assets dedicated to the payment of such benefits.
But with a separate-account product, the plan assets are deposited into a separate account where the provider still legally holds title to the assets, which are segregated from the provider's general account.
The Principal LDI Separate Accounts represent the results of our extensive effort to provide a corporate bond emphasis within the composition of each separate account," said Kubik.
The Rating is a measure of a separate account's risk-adjusted return, relative to other separate accounts in the same Morningstar Category.
Yu had previously been an investment manager with Starwood Capital Group, Koll Investment Management (now part of CBRE Investors) and AEW Capital Management, working with commingled fund and separate account direct real estate investment strategies.