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Policy

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

CoverageBenefit

object
coverageIdstring

Coverage ID is a unique system-generated identifier assigned to a specific coverage component within an insurance or annuity policy. It is used to track and differentiate each distinct benefit, rider, or coverage layer under a single contract, especially when performing or recording transactions

netBenefitAmountnumber(double)

Net Benefit Amount refers to the actual amount payable to a beneficiary or policyholder after all applicable deductions have been applied to the gross or base benefit amount. It represents the final disbursed value for a given coverage benefit, such as a claim payout, death benefit, or living benefit

grossBenefitAmountnumber(double)

Gross Benefit Amount refers to the total contractual benefit payable under a specific coverage or rider before any deductions are applied. It represents the original, full value of the benefit promised by the insurance policy (e.g., death benefit, living benefit, or rider payout).

Example

TransactionFundAllocation

object
allocationOptionstring

Allowed values:PRORATADOLLARSPECIFYPERCENTAGESPECIFIEDFUNDSSPECIFIEDSEGMENTSDEFAULTPECKINGORDEREARNINGSONLY

Example

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