For variable and variable universal life policies, investment management fees are assessed on each variable investment option. They are deducted on a daily basis and vary from option to option.

A charge made as a percentage of a variable policy separate account fund value to pay the investment advisor for the selection and management of investments. These fees are set in advance and typically vary by fund. Although no comparable explicit charge is made with fixed-interest products, insurers deduct the expenses of investment management for these general account products before setting their declared interest or dividend rates.

investment managers