Separate Account Fund

Business / Taxes / Separate Account Fund: Each variable annuity contract offers a number of separate account funds. Each of those funds owns a collection of individual investments chosen by a professional manager who is striving to achieve a particular objective, such as long-term growth or regular income. You allocate your variable annuity premiums among different separate account funds offered in your contract to create a diversified portfolio of funds, sometimes called investment portfolios or subaccounts. If you’re comparing different contracts to decide which to purchase, among the factors to consider are the variety of funds each contract offers, the past performance of those funds, the experience of the professional manager, and the fees. In evaluating the past performance and other details of the funds a contract offers, or the funds you are using in the contract you selected, you can use the prospectus the annuity company provides for each separate account fund. You may be able to find independent research on the funds from firms such as Morningstar, Inc., Standard & Poor’s, and Lipper.

Other Words for Account

Account Noun Synonyms: calculation, accounting, reckoning, computation, (financial) statement, enumeration
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Other Words for Fund

Fund Adjective Synonyms: supply, stock, reserve, store, pool, cache, reservoir, repository, mine
Fund Noun Synonyms: finance, back, capitalize, stake, support, pay for, endow, grant, subsidize
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Other Words for Separate

Separate Noun Synonyms: disjoin, pull or take or break apart, come or fall apart, fall or take or break to pieces, split or divide or break (up), split or break (off or away), disconnect, disengage, part, partition, sort (out), uncouple, disarticulate, disassemble, unhook, detac
Separate Verb Synonyms: divided, separated, disjoined, disconnected, detached, isolated, discrete, distinct, individual, independent, solitary, different
Separate Adjective Synonyms: fork, split (up or off), bifurcate, diverge, branch
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Separate Account

Business / Taxes / 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 MORE

Subaccount

Business / Taxes / Subaccount: The separate account funds to which you allocate your variable annuity premiums are sometimes called subaccounts. Each subaccount is managed by an investment specialist, or team of specialists, who ma MORE

Omnibus Account

Business / Finance / Omnibus Account: An account carried by one futures commission merchant with another futures commission merchant in which the transactions of two or more persons are combined and carried in the name of the originating MORE

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