DEFINITION of 'SEC Form N-4'

A filing with the Securities and Exchange Commission (SEC) that must be submitted by all insurance company separate accounts organized as unit investment trusts offering variable annuity contracts. SEC Form N-4 is required under the Securities Act of 1933 and the Investment Company Act of 1940 and is meant to provide investors with information about variable annuity contracts so they can determine whether to invest in them.

BREAKING DOWN 'SEC Form N-4'

Part A of this filing, the prospectus, must contain clearly written information about the investment that the average investor, who may not have a specialized background in finance or law, can understand. Part A contains a general description of the registrant and a general description of variable annuity contracts as well as information about accumulation unit values, deductions, annuity period, death benefit, purchases and contract value, redemptions, taxes and legal proceedings.

Part B provides additional information that is not required to be part of the prospectus but that may be valuable to certain investors, such as general information and history, underwriters and calculation of performance data.

Finally, Part C contains financial statements and exhibits, directors and officers of the depositor, number of contract owners and other required information.

RELATED TERMS
  1. SEC Form N-3

    A filing with the Securities and Exchange Commission (SEC) that ...
  2. SEC Form N-6

    A filing with the Securities and Exchange Commission (SEC) that ...
  3. Valuation Period

    The time between the end of the business day of the first business ...
  4. Variable Annuity

    An insurance contract in which, at the end of the accumulation ...
  5. SEC Form N-2

    A filing with the Securities and Exchange Commission (SEC) that ...
  6. Annuity

    A financial product that pays out a fixed stream of payments ...
Related Articles
  1. Financial Advisor

    Variable Annuities: The Good, The Bad and the Ugly

    An in-depth guide to everything you need to know and watch out for with variable annuities.
  2. Financial Advisor

    Variable Annuities: The Pros and Cons

    Variable annuities are one of the most complicated financial instruments. Here is an in depth look at their pros and cons.
  3. Retirement

    How Are Variable Annuities Taxed?

    Before investing in a variable annuity, discuss your personal financial picture with a knowledgeable financial advisor.
  4. Retirement

    How a Variable Annuity Works After Retirement

    These investments can provide extra income after you retire. Here’s a guide to when and how you will receive the payout.
  5. Retirement

    Update Your Variable Annuity With Section 1035

    Thanks to a special tax code clause, you can surrender a variable annuity without paying income tax.
  6. Retirement

    Watch Your Back In The Annuity Game

    Find out how to get the upper hand when dealing with this payout challenge.
  7. Retirement

    Should Your 401(k) Be In An Annuity?

    Housing your retirement plan inside a variable annuity contract offers some big advantages, but only if you are close to retirement.
  8. Financial Advisor

    Advising FAs: Explaining Annuities to a Client

    Conceptually speaking, annuities can be thought of as a reverse form of life insurance.
  9. Retirement

    Taking The Bite Out Of Annuity Losses

    If this investment product has caused you sleepless nights, it's time to consider alternatives.
  10. Retirement

    Annuities: How To Find The Right One For You

    Fixed, variable and indexed annuities offer different features. Find out which one fits your needs.
RELATED FAQS
  1. How are variable annuities regulated?

    Discover the various rules that the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority ... Read Answer >>
  2. Are variable annuities safe?

    Discover how several layers of protection are instituted, and how regulatory laws by FINRA and the SEC are utilized to make ... Read Answer >>
  3. Are variable annuities a good retirement investment?

    Discover the basics of variable annuities, the positive and negative aspects associated with them, and who is best suited ... Read Answer >>
Hot Definitions
  1. Graduate Management Admission Test - GMAT

    A standardized test intended to measure a test taker's aptitude in mathematics and the English language. The GMAT is most ...
  2. Magna Cum Laude

    An academic level of distinction used by educational institutions to signify an academic degree which was received "with ...
  3. Cover Letter

    A written document submitted with a job application explaining the applicant's credentials and interest in the open position. ...
  4. 403(b) Plan

    A retirement plan for certain employees of public schools, tax-exempt organizations and certain ministers. Generally, retirement ...
  5. Master Of Business Administration - MBA

    A graduate degree achieved at a university or college that provides theoretical and practical training to help graduates ...
  6. Liquidity Event

    An event that allows initial investors in a company to cash out some or all of their ownership shares and is considered an ...
Trading Center