ChargeWaiverIndicator
stringAllowed values:YesNo
TransactionCharge
objectAllowed values:COSTOFINSURANCEEXPENSECHARGEUNITEXPENSECHARGERIDERCHARGESURRENDERCHARGEWITHDRAWALCHARGEPAYMENTCHARGECOVERAGECHARGECOVERAGECREDITPREMIUMTAXMARKETVALUEADJUSTMENTBONUSRECAPTUREEQUITYINDEXADJUSTMENTPRODUCTLIMITSDEATHBENEFITINTERESTFUTURECHARGESFORTRANSACTIONREDEMPTIONFEEMAILCHARGEFUNDFEEINEFFECTALLOVERNIGHTMAILWIRE
Allowed values:YesNo
The reason why a charge was waived (e.g., Promotional Waiver, Policy Exception)
Example:100
The partyId to which the charge is applied.
Example:Party_PI_1
The identifier of the specific coverage associated with the charge
Example:Base_Coverage
The amount of the charge applied for this transaction
Example:100
The rate (%) utilized for calculation of charge
Example:100
CoverageBenefit
objectCoverage ID is a unique system-generated identifier assigned to a specific coverage component within an insurance or annuity policy. It is used to track and differentiate each distinct benefit, rider, or coverage layer under a single contract, especially when performing or recording transactions
Example:Base_Coverage
Net Benefit Amount refers to the actual amount payable to a beneficiary or policyholder after all applicable deductions have been applied to the gross or base benefit amount. It represents the final disbursed value for a given coverage benefit, such as a claim payout, death benefit, or living benefit
Example:12345.67
Gross Benefit Amount refers to the total contractual benefit payable under a specific coverage or rider before any deductions are applied. It represents the original, full value of the benefit promised by the insurance policy (e.g., death benefit, living benefit, or rider payout).
Example:12345.67
The amount by which a coverage’s face amount is increased as a result of a Face Amount Change transaction (during face increase).
Example:12345.67
The amount by which a coverage’s face amount is decreased as a result of a Face Amount Change transaction (during face decrease).
Example:12345.67
PayoutType
stringAllowed values:LUMPSUMFIVEYEARDEFERRALSPOUSALCONTINUATION
PayoutInformation
objectAllowed values:LUMPSUMFIVEYEARDEFERRALSPOUSALCONTINUATION