Definitions for "Subaccount"
Keywords:  subsidiary, subset, annuity, svl, vul
(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
a subdirectory of the Homebuilt Homepage website
Subject to opinion Subperiod return
a member of a group of budgets that comprise a single award
Keywords:  glossary, definition, fund, see
see definition of fund in glossary