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Life Insurance
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Dictionary
Sub-accounts
The Dictionary of Insurance Terms and Definitions
Variable life insurance policies incorporate a cash value account, which is invested among one or more sub-accounts, as directed by the policyholder. The cash value accrues interest according to the performance of the sub-accounts, which are investment vehicles. The sub-accounts’ investment is administrated by a financial asset manager. After the manner of a mutual fund, a sub-account typically targets a particular industry or market segment.
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R. Jan Pinney CLU, ChFC, is a licensed life insurance agent in all states and the District of Columbia. The following agent license numbers are provided for R. Jan Pinney as required by state law: CA agent #0440057, LA agent #291116, MA agent #1674866, MN agent #20270113, UT agent #58330, agent R. Jan Pinney, DBA Pinney Wholesale Insurance Services. Commercial use by others is prohibited by law. This site provides term quotes. Each rate shown is a quote based on information provided by the carrier. No portion of WholesaleInsurance.net may be copied, published, faxed, mailed or distributed in any manner for any purpose without prior written authorization of the owner.