What feature of a Separate Account allows investors to select based on their personal preferences?

The feature of a Separate Account that allows investors to select based on their personal preferences is the investment category choice. Separate Accounts, commonly used in variable life insurance policies, provide policyholders with the ability to invest in various sub-accounts or investment options that can range from aggressive stock funds to conservative bond funds. This flexibility enables individuals to tailor their investments to align with their risk tolerance, financial goals, and investment strategies.

Since investors can choose from different investment categories, they have the power to make decisions based on their personal financial circumstances and market perspectives. This customization is a key advantage of Separate Accounts, distinguishing them from traditional insurance products with fixed investment returns. Other features like predetermined interest rates, customer service options, and guaranteed returns do not offer the level of customization and individual choice that investment category selection does.