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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.

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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 proposed transaction includes the reorganization of PNC's family of liquidity, equity and fixed-income mutual funds into corresponding Federated mutual funds, the acquisition of a portion of PNC's separate account and separately managed account business, and the transition of a six-person international equity management team from PNC to Federated.
SkyBridge's investment offerings include commingled funds of hedge funds products, customized separate account portfolios, hedge fund advisory services, a long-only mutual fund and an Opportunity Zone focused non-traded REIT.
ERISA Litigation, also last year, plaintiffs argued that defendants had failed to adequately investigate the availability of collective trusts and separate account alternatives for several non-proprietary mutual funds in the plan.
The opening of this account means all the compensations for damages causes to the state will be accumulated in a separate account and distributed exclusively by the government, the statement said.
There is, in both immediate and variable annuities, an annual expense charge of each separate account which impacts the cash value of the deferred contracts and the amount of annuity payments in immediate contracts.
According to report, PR has not opened a separate account for the GPF of its employees which is approximately Rs.
A variable fife insurance policy is a cash-value policy with an investment component allowing the owner to allocate premium dollars to a separate account comprised of stocks, bonds, funds, and other investments within the insurance company's portfolio.
* 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.
The property was jointly owned, and the fact that the sale proceeds went into Marvin's separate account did not affect the $85,250 belonging to Bertha.
"The only reason that New Living Word School got 'caught' misappropriating funds is because it was one of the two schools that actually used a separate account for its voucher money," he wrote on his blog.