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Policy

Coverage

object
nARWeightingnumber(double)
codestring
namestring
guidelineSinglePremiumnumber(double)

The Guideline Single Premium (GSP) refers to the maximum single premium payment that can be made into a life insurance policy without violating the IRSs Guideline Premium Test (GPT). It is used to ensure that the policy qualifies as life insurance and maintains its tax-advantaged status

guidelineLevelPremiumnumber(double)

The Guideline Level Premium (GLP) is the maximum level (annual or periodic) premium that can be paid into a life insurance policy while maintaining compliance with the IRSs Guideline Premium Test (GPT). It ensures that the policy remains classified as life insurance and retains its tax-advantaged status

get_7PayPremiumnumber(double)
issueDatestring(date-time)

The Policy Issue Date, also known as the Policy Launch Date, is the date when the insurance company officially issues the policy to the client. This occurs after the application is approved, the insured accepts the offer, and payment information is provided. It marks the formal activation of the policy and triggers policy delivery

targetPremiumnumber(double)
targetCommissionnumber(double)
maturityDatestring(date-time)

The Policy Maturity Date refers to the date when a life insurance policy reaches its maturity or an annuity contract reaches its maximum annuitization age. It is based on the Policy Start Date and determines when benefits become payable or coverage ends

coverageAmountnumber(double)
underwritingBasisstring
originalCoverageAmountnumber(double)
coverageChangeAmountnumber(double)
coverageTerminationDatestring(date-time)
insuredarray[object]
Show Child Parameters
narweightingnumber(double)
Example

RiderType

string

Allowed values:BASERIDERBASEINCREASEINTEGRATEDRIDERRIDERINCREASEBENEFITDISCOUNTOTHERUNKNOWN

UnderwritingStatus

string

Allowed values:APPROVEDDECLINED

Status

string

Allowed values:ACTIVETERMINATEDPENDINGSUSPENDED

RiderParticipant

object
insuredIdstring

A unique identifier assigned to the insured individual within the system who was covered under this rider

Example:Party_PI_1

insuredAgeAtIssuenumber(int32)

The age of the insured at the time the rider was issued

Example:50

Example