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Policy

InvestmentType

string

Allowed values:INVESTMENTFUNDINVESTMENTMODEL

FundAccountType

string

Allowed values:FIXEDINDEXEDVARIABLEINTERIM

FundAllocation

object
fundIdstring

A unique identifier for a specific fund account available for selection for Fund Allocation

Example:ELF001

fundNamestring

The official business name of the specific fund account within the investment structure

Example:Everly Fixed IUL Fund

fundAccountTypestring

Allowed values:FIXEDINDEXEDVARIABLEINTERIM

allocationPercentagenumber(double)

The percentage of total fund allocation assigned to a particular fund account

Example:100

startDatestring(date)

The date when the fund allocation /investment selection/fund becomes active

Example:2023-01-01

endDatestring(date)

The date when the fund allocation /investment selection/fund is no longer valid

Example:2023-01-01

Example

Rate

object
rateTypestring

Rate Type identifies the classification of the rate that is being applied to a specific fund or account value within a life insurance or annuity policy. It defines how the interest, return, or crediting rate is determined for that fund.It helps dictate whether the rate is fixed, variable, index-linked, declared, or derived from another methodology, and plays a key role in calculating earnings or charges associated with the fund.

Allowed values:PARTICIPATIONCAPSPREADTRIGGERFLOORBONUSGMIRILLUSTRATIONTHRESHOLDFUNDFEEBAILOUTBUFFERCOUPON

currentRatenumber(double)

Current Rate refers to the actual interest rate or crediting rate being applied to a specific fund or account at the present time, as declared or calculated by the insurance carrier. It is used to determine how much interest or investment return will be credited to the contract or sub-account during the current crediting period.

Example:33.28

initialGuaranteeRatenumber(double)

The Initial Guaranteed Rate is the fixed interest rate promised by the insurance carrier at the start of the contract or fund allocation, which is guaranteed not to change for a specified initial period (e.g., 1, 3, 5, or 10 years), depending on the product terms.

Example:33.28

guaranteedMinimumInterestRatenumber(double)

The Guaranteed Minimum Rate is the lowest interest rate that an insurance company is legally or contractually obligated to credit to the account value or specific fund of a life insurance or annuity policy—regardless of market performance or declared rates. This rate acts as a floor, providing downside protection for the policyholder by ensuring a minimum return is always credited to the contract.

Example:33.28

Example

FundSegment

object
segmentIdstring

A unique identifier assigned to a particular investment segment or bucket

Example:3

fundIdstring

A unique identifier assigned to a specific fund account within the investment structure

Example:FundAccount1

originalDepositAmountnumber(double)

The initial amount deposited to the fund segment

Example:5.22

originalDepositDatestring(date)

The date on which the original deposit was deposited into the fund segment.(date the segment created)

Example:2023-01-01

depositDatestring(date)

The date on which the additional deposit was deposited into the fund segment

Example:2023-01-01

depositAmountnumber(double)

The additional amount deposited to the fund segment

Example:5.22

currentAmountnumber(double)

The value of the specific fund account segment, including all contributions, interest, and market changes

Example:161.81698

renewalDatestring(date)

The date on which the segment may be renewed or reinvested

Example:2023-01-01

numberOfUnitsnumber(int32)

The number of units allocated in the fund segment (applicable to variable investments).

Example:50

sweepAccountIdstring

The designated account where the segment funds will be transferred upon sweep,maturity

Example:ELI002

interestEarningAmountnumber(double)

This amount is used for Index interest calculation when Index crediting method is “averaging”

Example:161.81698

appliedInterestRatenumber(double)

The interest rate used to calculate interest amount for segment as of the last transaction

Example:161.81698

startingPricenumber(double)

The initial market/index price or unit value when the segment was created

Example:1234.21321

startingPriceDatestring(date)

Date of Starting Price to be used for Index

Example:2023-01-01

endingPricenumber(double)

The market/index price or unit value when the segment was matures/ends

Example:2000.81698

endingPriceDatestring(date)

The date on which the ending price was determined

Example:2023-01-01

indexChangeRatenumber(double)

The Index Change Rate refers to the rate of change in the value of an external market index (such as the S&P 500, Nasdaq, etc.) that is used to calculate interest credits for an indexed insurance or annuity product. It represents the percentage increase or decrease in the selected index over a defined crediting period, and directly influences the policy’s credited interest or return.

Example:2000.81698

startDatestring(date)

The date when the segment gets created

Example:2023-01-01

endDatestring(date)

The date when the segment matures/ends

Example:2023-01-01

maxPricenumber(double)

Deprecated - kept for backward compatibility. Max Price = Max (IQ1, IQ2, IQ3, IQ4, …. IQN). where IQ1 denotes the index value at the 1st Quarterversary of the contract, IQ2 denotes the index value at the 2nd Quarterversary of the contract and so on and IQN denotes the index value at the end of the guarantee period (N=4*Guarantee period of the fund)

Example:1234.21321

maxPriceDatestring(date)

Deprecated - kept for backward compatibility. The corresponding date of the determined Quarterversary

Example:2023-01-01

ratesarray[object]

Array of rates associated with this fund segment

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Example