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Policy

DeathClaimTransactionAmounts

object
claimStatutoryInterestAmountnumber(double)

The statutory interest amount paid as part of a claim settlement. This is the SSI amount

Example:90

deathBenefitInterestCalculatedFromDatestring

Allowed values:DATEOFDEATHDATEOFDEATHREPORTED

claimStatutoryInterestRatenumber(double)

The state specific interest rate applied to the statutory claim payout

Example:10

Example

DeathClaimPayeeOrBeneficiary

object
partyIdstring

A unique identifier linking the party to the policy

Example:Party_PI_1

paymentFormstring

Allowed values:DTCCCREDITCARDACHCHECKWIREEXCHANGE

allocationPercentagenumber(double)required

The percentage of the total disbursement allocated to the payee

Example:100

bankIdstring

A unique identifier for the financial institution handling the transaction

Example:Bank_1

partyRolestring

Allowed values:OWNERPRIMARYBENEFICIARYCONTINGENTBENEFICIARYINSUREDPAYORPAYEEAGENTPRIMARYWRITINGAGENTPRIMARYSERVICINGAGENTADDITIONALSERVICINGAGENTADDITIONALWRITINGGAGENTTHIRDPARTYDESIGNEEJOINTOWNERCOVERAGEINSUREDASSIGNEEANNUITANTEXCHANGECOMPANYJOINTANNUITANTGRANTORTRUSTEEPOWEROFATTORNEYAUTHORIZEDSIGNATORYOTHERINTERESTEDPARTYCONTINGENTOWNERTHIRDPARTYADMINISTRATORCARRIER

Example

DeathClaimAdhocPolicyDates

object
claimApprovalDatestring(date)

The Claim Approval Date is the date when an insurance company officially approves a claim for payment after verifying the claim details, policy coverage, and required documentation

Example:2024-02-21

certifiedReceivedDatestring(date)

The Certified Received Date refers to the date when the insurance company officially receives the certified death paperwork (such as a death certificate) required to process a life insurance claim. This date marks the beginning of the formal claims verification process

Example:2024-02-21

Example

DeathClaimAdhocDeathBenefit

object
claimStatusstring

Allowed values:APPROVEDNOTAPPROVEDPROCESSED

proofOfDeathReceivednumber

Whether proof of death is received

Allowed values:true

Example

DeathClaimAdhocParty

object
beneficiaryPercentagenumber(double)

The benefit percentage of the beneficiary

Example:100

partyStatusstring

Allowed values:APPROVEDNOTAPPROVEDPROCESSED

Example