(VL/VUL, SVL) One of the separate investment accounts within a variable life policy or variable annuity. Each subaccount has its own investment portfolio and objectives, and can be managed by a company's subsidiary investment company, or increasingly more commonly, an outside investment firm (example: Fidelity). Subaccounts are known as “separate accounts” in that assets are not co-mingled with the insurer's “general” account.
A subdivision of the variable account that invests exclusively in shares of a designated investment option of a fund.
an account created from within your primary account
an informational record of a subset of transactions that affect an account and is not a separate account
an information record of a subset of transactions that affect a master account
The Subaccount is a limited access account that is offered as an option for companies that require additional personnel to manage submissions to FDA. An Account holder may create one or more Subaccounts with varying levels of authority to help manage submissions. See also Account.
That portion of the separate account that invests in shares of stock comprising it's own portfolio with specific investment objectives.
Accounts in which one may allocate investment dollars. Subaccounts, whose values fluctuate due to market risk, are offered in "variable" products including life insurance and annuities. There are a variety of subaccounts to align with an investor's financial goals and willingness to accept risk.
Subaccounts are the last four digits of the ten-digit account number in a subsidiary ledger account. They are used to distinguish between different types of revenue and expense within an account.
This term refers to divisions within a separate account of the insurance company offering the variable annuity. Each subaccount is invested in shares of a specific underlying investment portfolio.
One of several alternative pools of investments within an insurer's separate or segregated account into which a variable contract owner may allocate premiums paid. Also known as variable investment account and variable subaccount. See also general account, separate account, and segregated account.