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

The type of relationship to the party

The type of relationship to the party

Date the Party was added to the Policy

Party Percentage refers to the proportion of ownership, benefits, or responsibility assigned to a party within an insurance or annuity contract. It is used to distribute policy ownership, benefit payouts, commission sharing, or annuity payments among multiple parties.

Date the Party was Terminated from the Policy

Deprecated - kept for backward compatibility. Use preferredAddressId under party section. The Preferred Address ID refers to the unique identifier of the address designated as the primary or preferred address for a given party when multiple addresses are associated with that individual or entity. This ensures consistent use of the correct address for communication, correspondence, and recordkeeping

Deprecated - kept for backward compatibility. Use preferredEmailId under party section. The Preferred Email ID refers to the unique identifier of the email address designated as the primary or preferred email contact for an individual or entity when multiple email addresses are on file

Deprecated - kept for backward compatibility. Use preferredPhoneId under party section. The Preferred Phone ID refers to the unique identifier of the phone number designated as the primary contact number for a given individual or entity when multiple phone numbers are associated with the same party

Boolean 0 = No 1 = Yes to denote if the email is the preferred

Last Contact Date refers to the most recent date on which there was a direct or system-recorded interaction with a party (individual or entity) associated with a policy or contract. This party may be a policyholder, insured, beneficiary, payor, agent, or any other role relevant to life and annuity products.

The Beneficiary Share Method refers to the approach used to allocate the death benefit (or other payouts) among multiple beneficiaries listed under a policy or contract. It determines how the proceeds are divided in the event of the insureds death and is typically defined during policy setup or updated via a beneficiary change request.