Bee owns the primary Netflix account, and I have a separate profile within that account (so that I don't pollute her recommendations with documentaries and cartoons).
She also owns our Hulu Plus account, so I use her login there too. I don't think Hulu really does much with personalized recommendations though, so sharing an account doesn't matter as much. But sometimes I'll watch an episode that she's already started though, and then I'll have to start it over and she'll lose her place!
Whose name is your Netflix and Hulu account in?