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

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).

For funds: The rate at which an activity (e.g., interest, withdrawal, allocation) is applied. For match: The percentage rate at which the match or bonus contribution current value grows. For loans: The interest rate applied to the loan balance to calculate accrued interest

For funds: The specific amount or percentage applied for withdrawal, transfer, or reallocation from the particular segment selected for a fund. For match: This is transaction level amount which tracks changes to match current value. This gets calculated on events such as interest credit match, premium, match bonus vesting. For loans: This is transaction level amount which tracks changes to loan balance . This gets calculated on events such as interest loan,loan repayment, loan true up,new loan,etc.

Applied Interest refers to the amount of loan interest that has been posted (charged) to the policy’s outstanding loan balance during a specific accounting period. This interest is based on the terms of the policy loan, such as the loan type (fixed or variable), rate, and method of interest