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Policy

FundDistributionSegment

object
segmentIDstring

A unique identifier assigned to a particular segment for a specific fund account within the investment structure

Example:segment1

currentAmountnumber(double)

The current value of the particular segment for a specific fund account within the investment structure. The current amount of the segment, considering any earnings, withdrawals, or adjustments due to transaction

Example:1000

requestedAmountnumber(double)

The specific amount or percentage requested for withdrawal, transfer, or reallocation from the particular segment selected for a fund.This amount will be utilized when allocation option is selected as specified segments

Example:100

Example

FundDistribution

object
fundIDstring

A unique identifier assigned to a specific fund account within the investment structure

Example:FundAccount1

fundNamestring

The official business name of the specific fund account within the investment structure

Example:Fund1

totalFundValuenumber(double)

The total value of the specific fund account within the investment structure.The total fund value of the a specific fund, considering any earnings, withdrawals, or adjustments due to transaction

Example:100

requestedAmountnumber(double)

The specific amount or percentage requested for withdrawal, transfer, or reallocation from the selected fund.This amount will be utilized when allocation option is selected as specified funds

Example:100

fundDistributionSegmentsarray[object]
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Example

SegmentActivity

object
segmentIDstring

A unique identifier assigned to a particular segment for a specific fund account within the investment structure

Example:segment1

appliedRatenumber(double)

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

Example:100

appliedAmountnumber(double)

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.

Example:100

appliedInterestnumber(double)

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

Example:100

Example

FundActivitySegment

object
segmentIDstring

A unique identifier assigned to a particular segment for a specific fund account within the investment structure

Example:segment1

currentAmountnumber(double)

The current value of the particular segment for a specific fund account within the investment structure. The current amount of the segment, considering any earnings, withdrawals, or adjustments due to transaction

Example:100

segmentActivityobject
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Example

FundActivity

object
fundIDstring

A unique identifier assigned to a specific fund account within the investment structure

Example:FundAccount1

fundNamestring

The official business name of the fund account as designated by the financial institution or insurance provider. This name identifies the specific fund within the investment structure

Example:Fund Account 1

fundAccountTypestring

Represents the classification of a fund based on its investment strategy/flexiblity,and structure. It defines how the fund is structured and managed, such as whether it focuses on equities, fixed income, or other investment categories

Allowed values:FIXEDINDEXEDVARIABLE

totalFundValuenumber(double)

The total value of the specific fund account within the investment structure.The total fund value of the a specific fund, considering any earnings, withdrawals, or adjustments due to transaction

appliedAmountnumber(double)

The total amount or percentage applied for withdrawal, transfer, or reallocation from the selected fund

Example:100

fundActivitySegmentsarray[object]
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Example