Direct answer
General accounts hold assets that back fixed insurance obligations and are managed by the insurer, while separate accounts hold assets specifically for variable products where the policyholder bears the investment risk.
National Association of Insurance Commissioners (NAIC) definitions for insurer asset segregation. For additional information about regulatory standards for asset management, see the National Association of Insurance Commissioners‘ official website.
What this means for you
General accounts hold assets that back fixed insurance obligations and are managed by the insurer, while separate accounts hold assets specifically for variable products where the policyholder bears the investment risk.
ARMFOX HEALTHCARE
Protecting Your Future with Confidence
No pressure. No jargon. Just honest answers from advisors who genuinely care about your family’s protection.
This page is informational and not a coverage guarantee or quote.