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Policy

Coverages

object
attributesobjectrequired
Show Child Parameters
participantsarray[object]required
Show Child Parameters
feesarray[object]required
Show Child Parameters
Example

PolicyFeeAttributes

object
feeIdstringrequired

Fee ID

Example:FEE123

feeTypestringrequired

Fee Type

Example:Admin Fee

startDatestringrequired

Start Date

Example:2022-01-01

effectiveRatestring

Effective Rate

Allowed values:5%10%15%

Example:5%

feeAmountstringrequired

Fee Amount

Example:50

netAmountAtRiskstringrequired

The Net Amount at Risk (NAR) is the difference between the policy’s total death benefit and the policy’s account value (cash value). It represents the portion of the death benefit that the insurance company is at risk of paying out beyond the policyholder’s accumulated account value

Example:100

Example

PolicyFee

object
attributesobjectrequired
Show Child Parameters
Example

FeaturesAttributes

object
freeLookInvestDurationstringrequired

Free Look-Invest Duration

Example:12

freeLookExpirationDatestringrequired

Free Look-Invest Expiration Date

Example:2022-06-30

Example

LapseAssessmentAttributes

object
lapseIndicatorstring

Lapse Indicator

Allowed values:YN

Example:Y

gracePeriodStartDatestringrequired

Grace Period Start Date

Example:2022-03-15

gracePeriodEndDatestringrequired

Grace Period End Date

Example:2022-06-15

lapseEffectiveDatestringrequired

Lapse Effective Date

Example:2022-06-15

totalLapsePendingAmountstringrequired

Total Lapse Pending Amount

Example:150

minimumLapsePendingAmountstringrequired

Minimum Lapse Pending Amount

Example:50

Example