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Policy

UnderwritingStatus

string

Allowed values:APPROVEDDECLINED

Status

string

Allowed values:ACTIVETERMINATEDPENDINGSUSPENDED

RiderParticipant

object
insuredIDstring

A unique identifier assigned to the insured individual within the system who was covered under this rider

Example:Party_PI_1

insuredAgeAtIssuenumber(int32)

The age of the insured at the time the rider was issued

Example:50

Example

PartyRiderParticipant

object
partyIdstring

A unique identifier assigned to the party insured within the system who was covered under this rider

Example:Party_PI_1

partyAgeAtIssuenumber(int32)

The age of the insured at the time the rider was issued

Example:50

riskClassstring

The Risk Class refers to the underwriting category assigned to an applicant based on their health, lifestyle, and medical history, which determines their premium rates for a life insurance policy. Insurers use risk classifications to assess mortality risk and price policies accordingly.

Allowed values:ULTRANONTOBACCOELITENONTOBACCOPREFERREDNONTOBACCOSTANDARDNONTOBACCOSTANDARDTOBACCOSTANDARDAGGREGATESUBSTANDARDNONTOBACCOSUBSTANDARDTOBACCOSTANDARDPLUSNONTOBACCOPREFERREDTOBACCOSTANDARDCONVERSIONTOBACCOSTANDARDCONVERSIONNONTOBACCO

substandardRatingstring

A Substandard Rating (also called Table Rating) is assigned to applicants who do not qualify for Standard or Preferred risk classes due to health conditions, lifestyle risks, or medical history. This rating results in higher premium costs because the insured presents a greater mortality risk.

Allowed values:TABLEATABLEBTABLECTABLEDTABLEETABLEFTABLEGTABLEHTABLEITABLEJTABLEKTABLELTABLEMTABLENTABLEOTABLEPNONETABLE

flatExtraarray[object]
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Example

RiderCharge

object
riderExerciseChargenumber(double)

One Time Rider Charge that will be Applied upon Rider Activation

riderExerciseChargeRatenumber(double)

The rate or percentage applied to calculate the charge for exercising the rider

Example