The Product Name refers to the specific life insurance or annuity product selected by the contract owner at the time of policy issuance. It identifies the type of coverage, policy structure, and key features associated with the contract

The Product Marketing Name refers to the branded name assigned by an insurance company to a specific life insurance or annuity product for marketing and sales purposes. It distinguishes products within an insurer`s portfolio and highlights key features and benefits for consumers

The Product Short Name is a condensed version of the full Product Marketing Name, typically used for internal systems, policy documents, billing, and reporting. It provides a simplified reference while still identifying the product accurately

The Plan Code is a carrier-assigned unique identifier used to distinguish a specific product, rate structure, and version of a life insurance or annuity policy. It ensures accurate policy tracking, pricing, and administration

The GL Plan Code (General Ledger Plan Code) is a carrier-assigned accounting code used to track insurance products and financial transactions within an insurer’s general ledger system. It is essential for financial reporting, revenue allocation, and regulatory compliance

Renewable refers to a policy feature that allows the insured to extend coverage beyond the original term without requiring medical underwriting or a new application. This is commonly found in Term Life Insurance policies

The Product Version refers to the specific edition or iteration of an insurance or annuity product, defined by its release date or modifications over time. It helps insurers and policyholders distinguish between different updates, pricing structures, regulatory changes, and feature enhancements within the same product line