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The definitions contained herein are for general information only and are not designed for use in connection with the interpretation of any insurance policy or annuity policy issued through Insurance Answer Center.
Life Insurance Glossary Terms  4 A B C D E F G H I J K L M N O P Q R S T U V W Y

Separate Account


This is special account established and maintained by a life insurance company for the investment of money received from policyowners of variable life insurance or variable annuity contracts. The policyowner bears some or all of the investment risk under such contracts. Such contracts currently are not featured by the Insurance Answer Center.

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