Policy Illustration Information
Path Parameters
Response
application/json
Response
OK
LPSPayloadResponse
Attributes
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Account Value
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Test Value
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Death Benefit
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Coverage Value
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Array of Coverages
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Array of Parties
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Policy Fee
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Features
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Array of Fund Allocations
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Array of Funds
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Match Segment
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Array of Loan Segments
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Array of Arrangements
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Authentication
Path Parameters
Features
Path Parameters
Response
application/json
Response
OK
Allowed values:FREELOOKLAPSEASSESSMENTLAPSEPROTECTIONREINSTATEMENTRATELOCKANNUITIZATIONNONFORFEITUREOPTIONCONVERSIONDISCOUNTBILLINGCUSTOMFEATURE
A Feature Indicator in life insurance and annuities refers to a binary flag (Yes/No, True/False, or Enabled/Disabled) that signifies whether a specific policy feature, rider, or benefit is included in the contract. It helps insurers, agents, and policyholders quickly identify which optional or standard benefits apply to a policy
Allowed values:true
A Feature Option in life insurance and annuities refers to the specific choices or variations available within a policy feature, allowing customization based on the policyholder’s needs
Allowed values:LIFEONLYJOINTLIFEONLYJOINTANDSURVIVORPERIODCERTAINAMOUNTCERTAINLIFEWITHPERIODCERTAINLIFEWITHCASHREFUNDLIFEWITHINSTALLMENTREFUNDAUTOMATICPOLICYLOANREDUCEDPAIDUPAGEFACEAMOUNTLEGALOPERATIONALCOLLATERALLYASSIGNEDUNSPECIFIED
Reduced Paid-Up Face Amount is the new, lower death benefit that results when a policyholder elects the Reduced Paid-Up (RPU) insurance option on a permanent life insurance policy. Under this option, the policyholder uses the accumulated cash value of their policy to purchase a fully paid-up policy—meaning no further premiums are required—but with a reduced face amount compared to the original coverage
Example:46.49
Start date of the feature
Example:2023-01-01
End date of the feature
Example:2023-01-01
A Feature Status in life insurance and annuities indicates the current state or activation condition of a specific feature within a policy or contract. It reflects whether a feature is active, inactive, pending, or restricted, helping insurers, agents, and policyholders track policy functionality
Allowed values:true
The Period of Feature in life insurance and annuities refers to the duration for which a specific feature or benefit is available, active, or applicable within a policy or contract. It defines the time frame in which a feature can be used, exercised, or remains valid
Example:30
Effective date of the feature
Example:2023-01-01
The Total Minimum Required Amount refers to the lowest financial threshold needed to activate, maintain, or utilize a specific insurance or annuity feature. This can include minimum premiums, account balances, contributions, or fees necessary to keep the policy or benefit in force
Example:0
Min (This is if Carrier Acceot Min) - This is the Amount needed to reactivate the Policy (If there is an Outstanding Loan on the Policy Min Required Loan Balance will be part of this Amount)
Example:0
The Payment Amount for a Feature refers to the specific cost required to activate, maintain, or utilize a particular policy feature or rider in a life insurance or annuity contract. This amount can be a one-time payment, recurring charge, or deducted from policy values depending on the feature type
Example:46.49
The Fixed Exclusion Amount in the annuitization feature of an annuity refers to the portion of each annuity payment that is considered a return of the original investment (principal) and is therefore excluded from taxable income. This amount helps annuitants determine their tax liability on annuity payments
Example:46.49
The YTD Payment Amount for a Feature refers to the total amount paid or received for a specific policy feature from the beginning of the calendar year to the current date. This amount is commonly tracked for premiums, rider fees, annuity payouts, withdrawals, and other benefit-related transactions
Example:46.49
The Exclusion Ratio in annuitization refers to the portion of each annuity payment that is considered a return of the original investment (principal) and is therefore excluded from taxable income. It determines how much of an annuity payment is taxable and how much is tax-free.
Example:46.49
The Total Payment Amount of a Feature refers to the cumulative cost or sum of all payments made over time for a specific feature in a life insurance or annuity contract. This can include premiums, rider fees, annuity payouts, or benefit-related charges
Example:46.49
Joint Lives % to Survivor refers to the percentage of annuity payments that continue to the surviving annuitant after one of the joint annuitants passes away. It applies to Joint & Survivor Annuities, ensuring ongoing income for the surviving spouse or beneficiary.
Example:100
The Reinstatement Underwriting Decision refers to the evaluation process and approval or denial of a reinstatement request for a lapsed life insurance policy or annuity contract. When a policy lapses due to non-payment, the insurer requires underwriting to determine if the policy can be reinstated based on financial, medical, and risk factors
Allowed values:true
The Approval Date for a Feature refers to the official date on which an insurance company authorizes and activates a specific feature, rider, or benefit within a life insurance policy or annuity contract. This date marks when the feature becomes effective and available for use by the policyholder or annuitant
Example:2023-01-01
Unique identifier of feature sub-type for "custom feature
Example:123
Allowed values:DAILYEVERYTWOWEEKSMONTHLYSEMIANNUALQUARTERLYANNUALSINGLEPAYMENT
Allowed values:DTCCCREDITCARDACHCHECKWIREEXCHANGE
Gives the sub type of the feature type "Custom Feature
Allowed values:MULTIPLEPOLICYDISCOUNTCONTROLBUSINESSINDICATORRESTRICT
TBD
Example:2023-01-01T12:00:00.000Z
Authentication
Path Parameters
Distribution of Investments
Query Parameters
Path Parameters
Response
application/json
Response
OK
Allowed values:INVESTMENTFUNDINVESTMENTMODEL
Elect from available … If Owner picks and Model as an investment option
Example:TBD
The corresponding Model Id of the elected model
Example:TBD
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Authentication
Path Parameters
Query Parameters
Coverage
Path Parameters
Response
application/json
Response
OK
PolicyCoverage
The Total Coverage Amount refers to the maximum benefit or sum insured that a policyholder or beneficiary is entitled to receive under a life insurance contract. It represents the total financial protection provided by the policy
Example:300000
The Cumulative Gross Death Benefit refers to the total amount payable to a beneficiary upon the insured or annuitant death, before any deductions such as loans, outstanding premiums, or surrender charges. It represents the gross value of the death benefit provided under a life insurance or annuity contract. It is cumulative gross death benefit of all the layers of base coverage (not including riders ).
Example:300000
The Net Death Benefit refers to the actual amount paid to the beneficiary upon the insured or annuitant death, after deductions such as policy loans, unpaid premiums, withdrawals, or other charges
Example:300000
The Remaining Death Benefit Amount refers to the portion of the death benefit that is still available as of date for benefit payment to beneficiaries after a partial claim has been taken
Example:300000
The Minimum Coverage Amount refers to the lowest amount of death benefit or policy coverage that an insurance company allows for a life insurance contract. It is the smallest sum insured that can be purchased under a specific product type
Example:10000
The Maximum Coverage Amount refers to the highest amount of death benefit or policy coverage that an insurance company will issue under a life insurance contract. It represents the largest sum insured that an applicant can qualify for based on underwriting and financial eligibility
Example:10000000
The Earliest Coverage Change Date refers to the first possible date when a modification to an insurance policy can take effect. It defines the earliest point at which a policyholder can adjust coverage levels, add or remove riders, or make other contractual changes based on policy terms and conditions
Example:2023-01-01
In life insurance, a band refers to a coverage range or tier that affects premium rates, underwriting guidelines, or policy benefits. Insurance companies use coverage bands to determine pricing structures, offering lower per-unit costs for higher coverage amounts
Allowed values:BAND1BAND2BAND3BAND4BAND5BAND6BAND7
The Maximum Annual Coverage Change Allowed per Policy refers to the largest increase or decrease in coverage amount permitted within a single policy year, as defined by the insurance carrier. This limit is set to maintain policy stability, prevent excessive risk exposure, and ensure compliance with underwriting and policy guidelines
Example:1
The Minimum Coverage Amount Decrease refers to the smallest reduction in coverage that a policyholder is allowed to make per policy year, as defined by the insurance carrier. This ensures that policies remain viable and do not fall below the required minimum coverage limits
Example:10000
The Maximum Coverage Amount Decrease refers to the largest reduction in coverage that a policyholder is allowed to make per policy year, as defined by the insurance carrier. This ensures that policyholders can lower coverage if needed while maintaining a minimum required coverage amount
Example:290000
The Maximum Age of No Coverage Amount Decrease refers to the age at which a policyholder can no longer reduce their coverage amount. This limit is set by the insurance carrier to maintain policy integrity and ensure sufficient death benefit protection, particularly for older policyholders
Example:80
The Number of Coverage Amount Decrease Allowed Per Policy Year refers to the maximum number of times a policyholder is permitted to reduce their coverage amount within a single policy year. This limit is set by the insurance carrier to maintain policy stability and prevent excessive policy modifications
Example:120
The Minimum Coverage Amount Increase refers to the smallest increment by which a policyholder can raise their coverage amount within a policy year. This minimum threshold is set by the insurance carrier to ensure that coverage increases are financially viable and align with underwriting guidelines
Example:10000
The Maximum Coverage Amount Increase refers to the highest amount by which a policyholder can raise their coverage within a single policy year, as defined by the insurance carrier. This limit ensures that coverage increases remain manageable and are aligned with underwriting and financial justification
Example:9700000
The Maximum Age of No Coverage Amount Increase refers to the oldest age at which a policyholder can request an increase in coverage. After reaching this age, the policyholder is no longer eligible to increase their coverage amount, as determined by the insurance carrier
Example:80
The Number of Coverage Amount Increases Allowed Per Policy Year refers to the maximum number of times a policyholder can request an increase in coverage within a single policy year, as defined by the insurance carrier. This limit helps insurers manage risk exposure and maintain policy stability
Example:10
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Authentication
Path Parameters
Metrics
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