MatchSegment
objectTBA unique identifier assigned to a specific match segment within the policy, used to track matched contributions or benefits
Example:Match1
The present value of the matched amount/bonus in the segment, reflecting any growth, deductions, or adjustments
Example:1.985116
The total amount of matching contributions or eligible bonus contributions accumulated over time within the policy
Example:1.98
The amount of matching contributions or eligible bonus contributions accumulated over the current policy year
Example:1.98
The highest total amount that can be matched or highest total eligible bonus over the lifetime of the policy, as per policy terms
Example:300
The maximum amount that can be matched or eligible bonus for current policy year
Example:300
The minimum amount that can be matched or minimum eligible bonus over the lifetime of the policy, as per policy terms
The date on which the matched amount/ bonus becomes fully vested, meaning the policyholder gains full ownership rights over the matched funds/bonus.(match amount/bonus becomes part of account value)
Example:2023-01-01
The accounting code used in the insurer’s general ledger system to track match/bonus related transactions
Example:V2201
The duration required before matched amount/bonus are fully vested, typically expressed in years or policy terms
Example:10
LoanType
stringAllowed values:PREFERREDNONPREFERREDSTANDARDLOANINDEXLOAN
LoanInterestType
stringAllowed values:FIXEDINDEXEDVARIABLEADJUSTABLE
LoanSegment
objectA unique identifier assigned to each loan segment within the policy, representing a distinct loan transaction
Example:Loan1
Allowed values:PREFERREDNONPREFERREDSTANDARDLOANINDEXLOAN
Allowed values:FIXEDINDEXEDVARIABLEADJUSTABLE
Calculated loan interest amount for a policy Owner to Pay before Anniversary
Example:1000
The original amount borrowed against the policy, excluding interest
Example:1500
The outstanding amount of the loan, including accrued interest if applicable
Example:1500.72
This amount represents the total portion of the policy’s account value that is used as collateral when a loan is taken against the policy. It is calculated as follows:Loan Collateral Amount = Loan Principal + Loan Collateral Accrued Interest When a policyholder takes a loan, this amount reflects the loaned portion of the account value that is set aside as collateral. Interest is applied to this collateralized amount at a specific rate as per the policy terms
Example:1500.72
TBD
The interest rate charged on the loan balance, which may be fixed or variable based on policy terms
Example:4.5
The interest rate charged to any collateralized portion of the policy’s cash value
Example:4
The interest accumulated on the outstanding loan balance that has not yet been paid
Example:0.72
The interest accumulated on the collateral portion of account value.
Example:0.16
The amount of loans taken against the policy in the current policy year
Example:1500
The accounting code used in the insurer’s general ledger system to track loan fund
Example:V2201
The date when the loan segment becomes active and enforceable within the policy
Example:2023-01-01
The date when the loan segment is fully repaid, closed, or no longer applicable
Example:2023-01-01
Distribution
objectAllowed values:INVESTMENTFUNDINVESTMENTMODEL
Elect from available … If Owner picks and Model as an investment option
Example:TBD
The corresponding Model Id of the elected model
Example:TBD