PolicyCharges
objectAllowed values:COSTOFINSURANCEEXPENSECHARGEUNITEXPENSECHARGEPAYMENTCHARGECOVERAGECHARGECOVERAGECREDITPREMIUMTAXSURRENDERCHARGEMARKETVALUEADJUSTMENTRIDERCHARGE
The Coverage ID is a unique identifier assigned to a specific coverage component within a life insurance or annuity policy, used to track the specific coverage for which charges are being applied. It ensures that the correct charges (e.g., cost of insurance, rider fees, administrative fees) are linked to the appropriate coverage layer.This is optional field which will be populated by LPS
Example:Base_Coverage
The Current Month Charge refers to the total amount deducted from a life insurance or annuity policy for the current billing period, covering various costs such as insurance charges, administrative fees, rider costs, and investment-related expenses
Example:123.12
The Uncollected Per Charge refers to the portion of a scheduled charge that has not been paid or deducted from the policy due to insufficient funds, unpaid premiums, or cash value shortfall. This can apply to Cost of Insurance (COI), rider fees, administrative charges, or investment-related expenses
Example:10.42
The Cumulative Per Charge refers to the total sum of a specific charge type from the policy`s issue date until the current processing date. It provides a historical record of charges deducted over the life of the policy… Calculated by LPS.
Example:721.42
ArrangementType
stringAllowed values:PAYMENTWITHDRAWALLOANREPAYMENTREQUIREDMINIMUMDISTRIBUTIONPAYOUT
AllocationOption
stringAllowed values:PRORATADOLLARSPECIFYPERCENTAGESPECIFIEDFUNDSSPECIFIEDSEGMENTSDEFAULTPECKINGORDEREARNINGSONLY
Reason
stringAllowed values:PREMIUMLOANREPAYMENTFREEWITHDRAWALAMOUNTWITHDRAWALANNUITYPAYOUTREQUIREDMINIMUMDISTRIBUTION
DisbursementType
stringAllowed values:GROSSNETNETNET