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Policy

RiderType

string

Allowed values:BASERIDERBASEINCREASEINTEGRATEDRIDERRIDERINCREASEBENEFITDISCOUNTOTHERUNKNOWN

RiskClass

string

Allowed values:ULTRANONTOBACCOELITENONTOBACCOPREFERREDNONTOBACCOSTANDARDNONTOBACCOSTANDARDTOBACCOSTANDARDAGGREGATESUBSTANDARDNONTOBACCOSUBSTANDARDTOBACCOSTANDARDPLUSNONTOBACCOPREFERREDTOBACCOSTANDARDCONVERSIONTOBACCOSTANDARDCONVERSIONNONTOBACCO

SubStandardRating

string

Allowed values:TABLEATABLEBTABLECTABLEDTABLEETABLEFTABLEGTABLEHTABLEITABLEJTABLEKTABLELTABLEMTABLENTABLEOTABLEPNONETABLE

FlatExtra

object
flatExtraTypestring

A Flat Extra is an additional dollar amount added to the base premium for a life insurance policy due to increased risk factors. Insurers apply Flat Extras on top of standard risk classifications (e.g., Preferred, Standard, or Substandard ratings).Flat Extras can be classified into two types “Temporary Flat Extra” and “Permanent Flat Extra”

Allowed values:TEMPORARYPERMANENT

flatExtraDurationnumber(int32)

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

flatExtraAmountnumber(double)

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

flatExtraStartDatestring(date)

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

Example:2023-01-01

Example

CoverageParticipants

object
partyIdstring

The Insured(s) ID is a unique identifier assigned to the insured individual(s) covered under a life insurance policy. It is used by insurance companies to track, process, and manage policyholder records efficiently

Example:Party_PI_1

issueAgeinteger(int32)

Note-Use coverage.coverageLayers.coverageParticipants.partyAgeAtIssue field instead of issueAge

Example:43

partyAgeAtIssuenumber(int32)

The Party Age at Issue refers to the age of any party associated with a life insurance or annuity policy at the time the contract is issued

Example:43

riskClassstring

Allowed values:ULTRANONTOBACCOELITENONTOBACCOPREFERREDNONTOBACCOSTANDARDNONTOBACCOSTANDARDTOBACCOSTANDARDAGGREGATESUBSTANDARDNONTOBACCOSUBSTANDARDTOBACCOSTANDARDPLUSNONTOBACCOPREFERREDTOBACCOSTANDARDCONVERSIONTOBACCOSTANDARDCONVERSIONNONTOBACCO

substandardRatingstring

Allowed values:TABLEATABLEBTABLECTABLEDTABLEETABLEFTABLEGTABLEHTABLEITABLEJTABLEKTABLELTABLEMTABLENTABLEOTABLEPNONETABLE

flatExtraarray[object]
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Example