Subaccount

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Subaccount

A term used in bookkeeping. For example, the insurance expense account may have various different subcategories such as building and property insurance, auto/fleet insurance, general liability, environmental, professional liability, law enforcement, and other insurance.

Subaccount

An account within an account. For example, funds in a subaccount may be available only to a certain person, or may be used only for a certain purpose.

Subaccount.

The separate account funds to which you allocate your variable annuity premiums are sometimes called subaccounts.

Each subaccount is managed by an investment specialist, or team of specialists, who make buy and sell decisions based on the subaccount's objective and their analysts' research.

If you're comparing different contracts to decide which to purchase, among the factors to consider are the variety of subaccounts each contract offers, the past performance of those subaccounts, the experience of the professional manager, and the fees.

In evaluating the past performance and other details of the subaccounts a contract offers, or those you select in the contract you choose, you can use the prospectus the annuity company provides for each subaccount. You may also be able to find independent research from firms such as Morningstar, Inc., Standard & Poor's, and Lipper. However, past performance is not indicative of future results.

References in periodicals archive ?
The primary account is in column A, and the subaccount is in column B.
The newly-launched service will enable Meezan Bank's customers having CDC subaccount (with CDC Investors-Account, Participant-Sub Account or Broker-Sub Account) to subscribe to the public offering of shares online via www.
The accumulation unit values of these accounts on the day his premium is received are set forth in the table below, along with the changes in the subaccounts that will occur when Mr.
Each investment subaccount has a separate unit value.
VUL products typically provide a wide range of investment options in their subaccounts.
Theoretically, the subaccounts could lose all their value, and yet the annuity company would be obligated to pay out a check for life, based largely on a formula of how much money was initially invested.
Subaccounts can be created if the account category is so broad that it would permit taxable and nontaxable purchases to be coded to one account.
What if Justin had gone a bit further in his salesmanship, and talked about a special "blend" of subaccounts that he recommends for all his variable annuity clients who are in Fred's age group?
They provide open-end disclosures for open-end subaccounts and closed-end disclosures for closed-end subaccounts.
That's evident in the mix of new fund options available in the products' subaccounts, including alternatives like gold and oil indices and REITs.
The funds are received into the IBAN account and redirected to subaccounts denominated in 12 currencies.
With a variable annuity the annuity owner has the opportunity to allocate his premiums among a number of subaccounts.