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separate account

A separate account is a fund held by a life insurance company that is maintained separately from the insurer's general assets.

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separate account

A separate account is a fund held by a life insurance company that is maintained separately from the insurer's general assets.

Additional Information


It is generally used for investing pension assets or variable annuity holdings in common stocks. In the event of insolvency of the insurer, separate accounts may be protected from claims by creditors and other insureds.