Definitions
from Wiktionary, Creative Commons Attribution/Share-Alike License.
- noun Plural form of
subaccount .
Etymologies
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Examples
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Is opening the subaccounts the same procedure as opening new savings? veronykah
Automate Unexpected Costs With A "Stupid Mistakes" Sub-Account | Lifehacker Australia 2010
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Under variable universal life, the buyer has the option to invest in stocks in mutual-fund-like "subaccounts."
A College-Savings Strategy That Could Flunk Out Mary Pilon 2011
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With a variable annuity, investors typically invest in mutual-fund-like subaccounts—but have the option of buying income benefits that can reduce the risk that a market downturn during retirement will devastate investment values.
Making the Case to Buy an Annuity Lavonne Kuykendall 2011
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Alan invests the $200,000 in the contract described in the previous example in aggressive subaccounts that have historically posted average annual returns of 10-12% per year, albeit with substantial volatility.
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They merely serve to reduce the contract value if the performance of the subaccounts turns out to be greater than what is promised by the riders.
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She allocates the proceeds among several different subaccounts within the contract and purchases an enhanced living benefit rider that guarantees a hypothetical growth rate of 6% per year.
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He invests the assets within the contract in a portfolio of subaccounts that perform poorly.
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Is opening the subaccounts the same procedure as opening new savings?
Automate Unexpected Costs With A "Stupid Mistakes" Sub-Account | Lifehacker Australia 2010
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In order to outperform the cost of the riders, most contract holders are probably wise to invest their money in the more aggressive subaccounts, because they have the potential to grow enough over time to allow the contract holder to simply withdraw the current contract value instead.
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Elizabeth invests $100,000 in a contract at age 45 and allocates the proceeds among several aggressive subaccounts that invest in small-cap and foreign instruments.
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