Direct answer
Yes, separate account assets are legally segregated from the insurance company’s general account assets, meaning they are generally shielded from the company’s creditors in the event of insolvency.
State-specific insurance statutes governing the segregation of variable contract assets. For additional information about state-specific regulatory requirements, see the National Association of Insurance Commissioners‘ state insurance department directory.
What this means for you
Yes, separate account assets are legally segregated from the insurance company’s general account assets, meaning they are generally shielded from the company’s creditors in the event of insolvency.
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This page is informational and not a coverage guarantee or quote.
