"sub accounts" refer to smaller accounts that are connected to and managed by a main or primary account. These accounts are usually used to organize or separate different aspects of an individual's or organization's financial or online activities.
Full definition
If excess funds are available
in sub accounts, an automatic transfer will be initiated to transfer funds back to the master account.
Some policies pay dividends, some pay interest, and some invest the cash value in
variable sub account funds.
But if you have school children that you can't give physical cash to while away to school, some banks will allow you to
create sub accounts within your main prepaid card.
The
saving sub account will be governed by the rules governing our other savings accounts.
The cash value account is invested into funds effectively the same as mutual funds,
called sub accounts.
With variable universal life insurance, your premiums are invested
in sub accounts.
Ability to
create sub accounts and set limits: It depends on how you want to use your prepaid card.
Variable Universal Life offers the benefits of Universal Life with an additional opportunity to grow your cash value through the allocation of premiums to professionally
managed sub accounts or a fixed account.
If you have previously submitted a Telephone / Web Authorization form, you will also have the ability to change your address, request a partial withdrawal, or request a one time variable
sub account transfer.
You may want to consider one of the brokers that allow separate USD and CAD
sub accounts for RRSPs such as RBC Direct, TD Direct or BMO InvestorLine.
The difference between a variable universal life insurance policy and a traditional universal life insurance policy is that a variable universal life policy takes your cash value and invests it in numerous
of sub accounts that are quite similar to mutual funds.
Rather,
VUL sub accounts are created, which are basically mutual funds, which are managed by third parties.
I really like the idea of an automatic transition timer
from sub Account To Master Account.
Among these are the long awaited Suspend / Resume mode,
sub account upgrades, and accessibility options to -LSB-...]
In other words, variable universal life (VUL) is a life insurance policy type in which the coverage amount can change due to the investment performance of the
policies sub accounts.
I have a Roth IRA with them and a
few sub accounts dedicated to travel, long term investing and a recent investing challenge.
Deposits to your
Designated Sub Account can be made through Direct Deposit, Payroll Deduction, by mail or at one of our branch offices
Amazon revealed via their dedicated Black Ops 2
Twitter sub account that Activision's next Call of Duty game has broken records by becoming their most pre-ordered game ever!
Sony has announced that PlayStation
Network sub accounts will now be able to upgrade to master accounts.
An annuity receives preferential tax treatments, and even if an owner makes trades
between sub accounts in a non-qualified annuity, there are no taxes or realized gains from trades.
A Universal life insurance policy can be invested in either a variable or fixed
interest sub account.
Variable Universal Life from Foresters Life Insurance and Annuity Company offers the benefits of Universal Life with an additional opportunity to grow your cash value through the allocation of premiums to professionally
managed sub accounts or a fixed account.
When funds are needed
in sub accounts, Trustmark's ZBA sweep will initiate an automatic transfer to fund the account (s).
Rather,
VUL sub accounts are created, which are basically mutual funds, which are managed by third parties.
If you have previously submitted a Telephone / Web Authorization form, you will also have the ability to change your address, request a partial withdrawal, or request a one time
variable sub account transfer.
· Assisted the VA call center answering inbound calls from clients and Financial Professionals to help service VA contracts and completed mutual fund /
sub account transfers, re-allocations, and offer service for variable annuity contracts.
Among these are the long awaited Suspend / Resume mode,
sub account upgrades, and accessibility options to change button mapping and font size.
Underlying sub accounts are only available as investment options in variable insurance contracts issued by life insurance companies.
The mutual
fund sub accounts in these policies are technically classified as securities and are therefore subject to Securities and Exchange Commission (SEC) regulation and the oversight of the state insurance commissioner.
Try skimming a small amount of money from your profits each month and putting them in
a sub account for your business.
There is no hard pull and it will only show up as
a sub account on your credit card issuer's summary of accounts.
The key difference with variable annuities (vs. other types) is that
the sub accounts offer the opportunity for a higher rate of return if asset values increase.
Rather for each rental property I want a report (or in a perfect world, a single multicolumn report with each column representing a rental property) that lists all the income category (accounts) totals, and ideally indented beneath them the subcategory (
sub account) totals for the year.
We may periodically transfer funds between these two
sub accounts.
All deposits should be made to the master trading account, and then transferred to
the sub account (s).
Example: Advisor has 12
sub accounts, number of Accounts = 12 Monthly consolidated commissions minimum requirement is 12 x USD 10 = USD 120
Example: STL has 12
sub accounts, number of Accounts = 13 Monthly consolidated commissions minimum requirement is 13 x 10 = USD 130
My 401 (k) also has an option to create
a sub account within it where I can pick any stock or any fund to invest in that the Roth 401 (k) doesn't offer.
CHECKING
SUB ACCOUNTS: For accounting purposes, all checking accounts consist of a checking sub account and a savings sub account.
When I buy Investments in
this sub account I am charged a commission fee to buy or sell just like at a low cost brokerage.
On a sixth transfer during a calendar month, any funds in the savings
sub account will be transferred back to the checking sub account.
The Bank may periodically transfer funds between these two
sub accounts.