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.
AEW has been awarded a new separate account mandate from a German pension scheme for the establishment of a pan-European, core portfolio.
According to report, PR has not opened a separate account for the GPF of its employees which is approximately Rs.
The separate account itself includes only qualified group trust retiree benefit plans under Revenue Ruling 2011;
BOLI may be differentiated by three types of assets: separate account life insurance or SALI assets, also referred to as variable separate account life insurance assets; general account life insurance (GALI) assets; and hybrid account life insurance (HALI) assets, also referred to as hybrid separate account life insurance assets.
Whereas a separate account holds the securities associated with a single investment manager or style managed for a client, a unified managed account typically holds multiple separate accounts, as well as other investment products such as mutual funds and exchange traded funds.
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.
Purchasing core investment properties on behalf of separate account clients, with initial yields of 6% to 7%.
As a result of the improving equity markets and higher allocation to equities by policyholders, total separate account assets rose by 23% to over $1.