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Policy

LineOfBusiness

string

Allowed values:LIFEANNUITYMUTUALFUNDCERTIFICATEOFDEPOSITBROKERAGEOTHER

TransactionExchange

object
exchangeIdstring

Exchange ID is a unique identifier assigned to a policy or transaction involved in an exchange or rollover process. It is used to track, reference, and reconcile activities related to the replacement, transfer, or conversion of funds or policies between contracts, products, or carriers.

Example:EX0000001

policyNumberstringrequired

The original policy number involved in an exchange or replacement transaction.

Example:EX0000001

exchangeDescriptionstring

Description of the type of exchange such as External 1035, Internal 1035, etc

Allowed values:DEFAULTEXTERNAL1035INTERNAL1035EXTERNALDIRECTTRANSFERINTERNALDIRECTTRANSFEREXTERNALROLLOVERQUALIFIEDINTERNALROLLOVERQUALIFIEDEXTERNALROTHROLLOVERINTERNALROTHROLLOVEREXTERNALROTHDIRECTTRANSFERINTERNALROTHDIRECTTRANSFERBENEFITPROCEEDSCASHCONTRIBUTIONSEXTERNAL1035PARTIALINTERNAL1035PARTIALBIRTHORADOPTIONREPAYMENTINTERNALDIRECTTRANSFERREPLACEMENTEXTERNALDIRECTTRANSFERREPLACEMENTCLIENTINITIATEDTRANSFERCONVERSION

exchangeDatestring(date)

The date on which 1035 Exchange occurs

Example:2023-01-01

lineOfBusinessstring

Allowed values:LIFEANNUITYMUTUALFUNDCERTIFICATEOFDEPOSITBROKERAGEOTHER

exchangeAmountnumber(double)

Amount received in 1035 Exchange

Example:161.81698

qualificationTypestring

Qualification type of original policy being exchanged

Allowed values:INDIVIDUALRETIREMENTACCOUNTREGULARINDIVIDUALRETIREMENTACCOUNTSPOUSALINDIVIDUALRETIREMENTACCOUNTROLLOVERROTHINDIVIDUALRETIREMENTACCOUNTCUSTODIALINDIVIDUALRETIREMENTACCOUNTCUSTODIALROTHINDIVIDUALRETIREMENTACCOUNTCUSTODIALROLLOVERINDIVIDUALRETIREMENTACCOUNTQUALIFIEDNONQUALIFIEDSIMPLIFIEDEMPLOYEEPENSIONINDIVIDUALRETIREMENTACCOUNTINHERITEDINDIVIDUALRETIREMENTACCOUNTINHERITEDROTHINDIVIDUALRETIREMENTACCOUNTNONQUALIFIEDSTRETCHINDIVIDUALRETIREMENTACCOUNTSIMPLEQ403BQ401KQ401AQ457BPENSIONPLANCONVERTEDINDIVIDUALRETIREMENTACCOUNTROTH403BCUSTODIALINDIVIDUALRETIREMENTACCOUNTSIMPLIFIEDEMPLOYEEPENSIONKEOGH10CORPORATEPENSIONGROUPTAXSHELTEREDANNUITYPROFITSHARINGTARGETBENEFITCORPORATEDEFERREDCOMPENSATION404EDUCATIONALINDIVIDUALRETIREMENTACCOUNTQN457BCONVERTEDSPOUSALCUSTODIALUNIFORMGIFTSORTRANSFERSTOMINORACT

costBasisnumber(double)

Original cost basis of the policy being exchanged - previous Policy

Example:161.81698

modifiedEndowmentContractStatusnumber

Indicates if the original policy being exchanged is classified as MEC

Allowed values:true

outstandingLoanRolloverAmountnumber(double)

The amount of any outstanding loan against the original policy that will be rolled over into the new policy during the 1035 exchange

Example:161.81698

Example

TransactionChargeType

string

Allowed values:COSTOFINSURANCEEXPENSECHARGEUNITEXPENSECHARGERIDERCHARGESURRENDERCHARGEWITHDRAWALCHARGEPAYMENTCHARGECOVERAGECHARGECOVERAGECREDITPREMIUMTAXMARKETVALUEADJUSTMENT

ChargeWaiverIndicator

string

Allowed values:YesNo

TransactionCharge

object
chargeTypestring

Allowed values:COSTOFINSURANCEEXPENSECHARGEUNITEXPENSECHARGERIDERCHARGESURRENDERCHARGEWITHDRAWALCHARGEPAYMENTCHARGECOVERAGECHARGECOVERAGECREDITPREMIUMTAXMARKETVALUEADJUSTMENT

chargeWaiverIndicatorstring

Allowed values:YesNo

chargeWaiverReasonstring

The reason why a charge was waived (e.g., Promotional Waiver, Policy Exception)

Example:100

coverageIdstring

The identifier of the specific coverage associated with the charge

Example:Base_Coverage

chargeAmountnumber(double)

The amount of the charge applied for this transaction

Example:100

chargeAppliedRatenumber(double)

The rate (%) utilized for calculation of charge

Example:100

Example