The Death Benefit Option Effective Date refers to the date when the selected death benefit option (Level, Increasing, or Return of Premium) officially takes effect in the policy. This date determines when the death benefit structure is set for payout upon the insured`s death

The Change in Death Benefit Option (DBO) Effective Date refers to the date when a requested change in the death benefit option is processed and officially takes effect in the policy. This allows tracking of modifications between Level (Option A), Increasing (Option B), or Return of Premium (Option C) death benefit structures

Deemed Death Benefit refers to the minimum amount that must be considered the “death benefit” under an insurance contract as per IRS Section 7702(e)(1)(B). This is used for tax qualification purposes to ensure that a life insurance policy meets the statutory definition of life insurance (DLI) and retains its tax-advantaged status

The Death Benefit Age Guarantee refers to the age until which the policy guarantees a death benefit, provided certain conditions such as premium payments and policy requirements are met. This guarantee ensures that the death benefit remains in force up to a specified age, regardless of market performance or policy cash value fluctuations

The Disputed Debt Amount refers to the total sum of all disbursement transactions processed on a life insurance policy between the insured`s Date of Death and the Date of Death Reported to the insurer. This amount may need to be reviewed and reconciled, as policy actions taken during this period may no longer be valid

The Death Benefit Interest refers to the interest accrued on the life insurance death benefit amount from the insured’s Date of Death until the payment is made to the beneficiary. This interest is typically required by state regulations and compensates for the delay between the insured’s death and the claim settlement

Partial index credit received as part of death benefit

The Flat Extra Duration refers to the length of time a Flat Extra premium charge is applied to a life insurance policy. This duration depends on whether the Flat Extra is temporary or permanent, and it is determined by the insurer based on the risk factor associated with the insured

The Flat Extra Amount refers to an additional charge per $1,000 of coverage that an insurer applies to a life insurance policy due to an increased risk factor. This extra cost is added on top of the standard premium and can be temporary or permanent, depending on the nature of the risk

The Flat Extra Start Date refers to the date when an additional, fixed premium charge (Flat Extra) begins on a life insurance policy. This charge is typically applied due to an increased underwriting risk, such as hazardous occupations, high-risk hobbies, or medical conditions