Exam term
Separate account
An account, distinct from the insurer's general account, that holds a variable policy's cash value and is invested according to the owner's chosen subaccounts, exposing the owner to investment risk.
Lessons that use this term
- Term, whole, universal, and variable life policy classes California
- Interest- and market-sensitive life products Florida
- Fixed versus variable life, and SEC, FINRA, and New York regulation of variable products (Ins. Law 4240, Regs 47 and 77) New York
- Interest- and market-sensitive life products New York
- Interest- and market-sensitive life products Texas