What Does Subaccount Charge Mean?

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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.

Subaccount Charge

Subaccount Charge

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.

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