subaccount

listen to the pronunciation of subaccount
English - English
One of the separate investment accounts within a variable life policy Each subaccount has its own investment portfolio and objectives
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
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
subaccount
Favorites