What does Subaccount Charge mean? Read on to discover the definition & meaning of the term Subaccount Charge - to help you better understand the language used in insurance policies.
A subaccount charge is a management fee charged for services offered to an investment fund. In terms of insurance, a subaccount is used in insurance products with a varying nature. Maintaining several subaccounts enables a policyholder to invest in several portfolios, hence increasing their future payment annuity payout.
We hope the you have a better understanding of the meaning of Subaccount Charge.