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guaranteed account

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guaranteed account
A brokerage account that has its margin requirements or losses guaranteed by the assets of another account.

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This would mean that participants choosing a variable account would see their account balances rise and fall with the market, and employees desiring a guarantee would accept the going rate on guaranteed accounts for reasonable periods of time, or some combination of both.
Policyowners choose from 14 fund options managed by seven independent investment advisors, plus a guaranteed account option.
 
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