The Plan Code is a carrier-assigned unique identifier used to distinguish a specific product, rate structure, and version of a life insurance or annuity policy. It ensures accurate policy tracking, pricing, and administration

Party ID is a unique identifier assigned to a party (individual or entity) involved in an insurance or annuity contract. This identifier helps ensure accurate data exchange and tracking across insurance transactions

Assigned by Sales Force and used by all platforms

Defines Party type example individual or Organization or Trust. For Insured and Annuitant this should always be Individual

TBD

The name the organization is commonly known as

The shortened/abbreviated version of the organization`s name that is unique to the organization

Code to Identify organization

Deprecated - kept for backward compatibility; instead use preferredAddressIndicator under Address section

In the context of a System of Record (SOR) in insurance and annuity systems, Organization Purpose refers to the role the organization plays in relation to the policy or contract. Specifically, terms like Processing and Holding define how the organization interacts with the policy data, assets, or transactions

General Account Business Unit refers to the organizational or legal entity within an insurance company responsible for managing assets and liabilities held in the general account. This unit is accountable for all financial activities related to non-segregated (non-variable) insurance products where the carrier assumes investment risk

Separate Account Business Unit refers to the organizational or legal entity within an insurance company responsible for managing products and assets that are legally segregated from the general account. This unit specifically handles variable or investment-linked products, where the policyholder assumes the investment risk, and assets are maintained in separate investment pools

TBD

Carrier Code is a unique identifier assigned to each insurance carrier (insurance company) within a system, typically used to distinguish between multiple carriers in a multi-carrier environment. It is essential for chart of account setup, policy administration, and reporting across insurance platforms

Carrier SET ID refers to a system-specific grouping identifier that represents a set of data, configuration, or financial parameters uniquely tied to a particular carrier within the chart of accounts and policy administration system

The Plan Code is a carrier-assigned unique identifier used to distinguish a specific product, rate structure, and version of a life insurance or annuity policy. It ensures accurate policy tracking, pricing, and administration

The Qualification Type in life insurance and annuities refers to the tax law provision or regulatory classification that governs a policy or contract, indicating whether it falls under a tax-advantaged retirement plan (IRA, 401(k), 403(b)) or a non-qualified account

Account Number refers to a unique numeric or alphanumeric identifier assigned to a general ledger account within the chart of accounts for an insurance carrier. It is used to classify and record financial transactions such as premiums, claims, commissions, reserves, or administrative expenses

In the context of an insurance Chart of Accounts, Account refers to the classification of financial activity as it relates to either a General Account or a Separate Account. This designation helps insurers manage and report assets and liabilities according to their investment and ownership structure

A General Ledger (GL) Account is a system-defined record that captures and categorizes financial transactions within an insurer`s accounting framework. It is a fundamental component of the Chart of Accounts, used to organize and report assets, liabilities, income, and expenses associated with life and annuity products, policyholder transactions, and operational activities

GL Short Name refers to a concise, system-friendly label assigned to a General Ledger (GL) account for ease of reference, display, and reporting in financial systems. It provides a brief but meaningful identifier for the full GL account name, especially in user interfaces, dashboards, and exports where space is limited

Account Type refers to the category that classifies a general ledger (GL) account based on the nature of its financial activity, such as asset, liability, equity, income, or expense. It determines how the account behaves in financial reporting, balance sheets, and income statements, and is critical for structuring the chart of accounts in insurance and annuity accounting systems

Account Type Code is a system-assigned or standardized alphanumeric identifier used to represent the classification of a general ledger (GL) account by its financial nature—such as Asset, Liability, Equity, Income, or Expense—in a structured and codified format. It is used in chart of account setups for reporting, system logic, and integration

The Carrier ID is a unique identifier assigned to an insurance company (carrier) that issues and underwrites a policy. It helps track, manage, and differentiate insurance providers within industry databases, regulatory systems, and digital platforms

The Plan Code is a carrier-assigned unique identifier used to distinguish a specific product, rate structure, and version of a life insurance or annuity policy. It ensures accurate policy tracking, pricing, and administration

Qualification type of original policy being exchanged

GL Account Number

Account numbers used to categorize types of financial transactions

Account numbers used to categorize types of financial transactions

Account Type refers to the category that classifies a general ledger (GL) account based on the nature of its financial activity, such as asset, liability, equity, income, or expense. It determines how the account behaves in financial reporting, balance sheets, and income statements, and is critical for structuring the chart of accounts in insurance and annuity accounting systems

Account Type Code is a system-assigned or standardized alphanumeric identifier used to represent the classification of a general ledger (GL) account by its financial nature—such as Asset, Liability,Equity, Income, or Expense—in a structured and codified format. It is used in chart of account setups for reporting, system logic, and integration