Definitions for "Account fee"
In unbundled variable insurance products, an annual charge to customers generally expressed as the lesser of a specified dollar amount or a percentage, such as 2 percent of the account value.
The Account Fee covers the operating and maintenance costs of your Holding. This account fee is charged to a user's Holding at month end, but only if there are goldgrams in the Holding. See the table of fees for details.
a fee that some funds separately impose on investors in connection with the maintenance of their accounts