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Policy Transactions

TransactionAmounts

requestedAmountnumber(double)required

The initial premium amount (deposit amount) paid by the party.

Example:100

amountTypestringrequired

Amount Type selected by user. Following is dropdown list 1. Amount – If selected user should be able to enter Amount for Transaction Amount field 2. Percent – If selected user should be able to enter Percentage for Transaction Amount field 3. Max – If selected user should NOT be able to enter Amount. Auto calculated using Maximum Withdrawal Amount. 4. Free Withdrawal Amount – If selected user should NOT be able to enter Amount. Auto calcualted using Free Withdrawal Amount. 5. Withdraw Until Basis ---- If selected user should NOT be able to enter Amount. Auto calcualted using Cost Basis.

Allowed values:AMOUNTEARNINGSONLYFREEWITHDRAWALAMOUNTMAXPERCENTAGEPRORATAWITHDRAWALUNTILBASIS

disbursementTypestringrequired

The type of amount for withdrawal such as Gross or Net

Allowed values:GROSSNETNETNET

disbursementPaymentFormstringrequired

The type of disbursement method such as DTCC,EFT or credit card.Default EFT.

Allowed values:ACHCHECKDTCCEFTWIRE

loanTypestringrequired

Loan Types - Selected by user from dropdown values, default to Non-Preferred Standard Loan

Allowed values:INDEXLOANNONPREFERREDSTANDARDLOANPREFERRED

loanInterestTypestringrequired

Loan Interest Type - Selected by user from dropdown values, default to Fixed

Allowed values:ADJUSTABLEFIXEDINDEXEDVARIABLE

paymentAmountnumber(double)

The initial premium amount (deposit amount) drafted to proceed with the payment

Example:100

appliedAmountnumber(double)

The initial premium amount that is actually applied to the policy.

Example:100

calculatedAmountnumber(double)

The amount calculated by the LPS if the issuance transaction outcome fails

Example:100

totalChargeAmountnumber(double)

Sum of Transaction Level charges

Example:100

taxableAmountnumber(double)

Taxable amount for Transaction. Even If Payee selects Not To Withhold, this will be populated if there was Gain distributed.

Example:100

deathClaimPayoutPreSupplementalSecurityIncomenumber(double)

Death claim payout amount

Example:1000

claimStatutoryInterestAmountnumber(double)

Any interest generated on the claim amount

Example:1000

deathBenefitInterestCalculatedFromDatenumber(double)

Product team to review

Example:1000

claimStatutoryInterestRatenumber(double)

Product team to review

Example:1000

Example
{
  "requestedAmount": 100,
  "amountType": "AMOUNT",
  "disbursementType": "GROSS",
  "disbursementPaymentForm": "DTCC",
  "loanType": "PREFERRED",
  "loanInterestType": "FIXED",
  "paymentAmount": 100,
  "appliedAmount": 100,
  "calculatedAmount": 100,
  "totalChargeAmount": 100,
  "taxableAmount": 100,
  "deathClaimPayoutPreSupplementalSecurityIncome": 1000,
  "claimStatutoryInterestAmount": 1000,
  "deathBenefitInterestCalculatedFromDate": 1000,
  "claimStatutoryInterestRate": 1000
}

PartialWithdrawal.TransactionAmounts

object
requestedAmountnumberrequired
amountTypestringrequired

Amount Type selected by user. Following is dropdown list 1. Amount – If selected user should be able to enter Amount for Transaction Amount field 2. Percent – If selected user should be able to enter Percentage for Transaction Amount field 3. Max – If selected user should NOT be able to enter Amount. Auto calculated using Maximum Withdrawal Amount. 4. Free Withdrawal Amount – If selected user should NOT be able to enter Amount. Auto calcualted using Free Withdrawal Amount. 5. Withdraw Until Basis ---- If selected user should NOT be able to enter Amount. Auto calcualted using Cost Basis.

Allowed values:AMOUNTPERCENTAGEMAXFREEWITHDRAWALAMOUNTWITHDRAWALUNTILBASISEARNINGSONLYPRORATA

disbursementTypestringrequired

The type of amount for withdrawal such as Gross or Net

Allowed values:GROSSNETNETNET

disbursementPaymentFormstring

The type of disbursement method such as DTCC,EFT or credit card.Default EFT.

Allowed values:DTCCEFTACHCHECKWIRE

Example
{
  "requestedAmount": 0,
  "amountType": "AMOUNT",
  "disbursementType": "GROSS",
  "disbursementPaymentForm": "DTCC"
}

AdhocTransactionAmount

object
requestedAmountnumber(double)required

The initial premium amount (deposit amount) paid by the party.

Example:100

amountTypestringrequired

Amount Type selected by user. Following is dropdown list 1. Amount – If selected user should be able to enter Amount for Transaction Amount field 2. Percent – If selected user should be able to enter Percentage for Transaction Amount field 3. Max – If selected user should NOT be able to enter Amount. Auto calculated using Maximum Withdrawal Amount. 4. Free Withdrawal Amount – If selected user should NOT be able to enter Amount. Auto calcualted using Free Withdrawal Amount. 5. Withdraw Until Basis ---- If selected user should NOT be able to enter Amount. Auto calcualted using Cost Basis.

Allowed values:AMOUNTPERCENTAGEMAXFREEWITHDRAWALAMOUNTWITHDRAWALUNTILBASISEARNINGSONLYPRORATA

disbursementTypestringrequired

The type of amount for withdrawal such as Gross or Net

Allowed values:GROSSNETNETNET

disbursementPaymentFormstringrequired

The type of disbursement method such as DTCC,EFT or credit card.Default EFT.

Allowed values:DTCCEFTACHCHECKWIRE

loanTypestringrequired

Loan Types - Selected by user from dropdown values, default to Non-Preferred Standard Loan

Allowed values:PREFERREDNONPREFERREDSTANDARDLOANINDEXLOAN

loanInterestTypestringrequired

Loan Interest Type - Selected by user from dropdown values, default to Fixed

Allowed values:FIXEDINDEXEDVARIABLEADJUSTABLE

Example
{
  "requestedAmount": 100,
  "amountType": "AMOUNT",
  "disbursementType": "GROSS",
  "disbursementPaymentForm": "DTCC",
  "loanType": "PREFERRED",
  "loanInterestType": "FIXED"
}

AdhocParty

partyIdstring

Impacted Party in the event of financial transaction

Example:Party_PI_1

bankIdstring

Comes in Acord 103

Example:Bank_1

paymentFormstring

Mode of payment

Allowed values:DTCCCREDITCARDACHCHECKWIREEXCHANGE

Example
{
  "partyId": "Party_PI_1",
  "bankId": "Bank_1",
  "paymentForm": "DTCC"
}

AmountType

string

Amount Type selected by user. Following is dropdown list 1. Amount – If selected user should be able to enter Amount for Transaction Amount field 2. Percent – If selected user should be able to enter Percentage for Transaction Amount field 3. Max – If selected user should NOT be able to enter Amount. Auto calculated using Maximum Withdrawal Amount. 4. Free Withdrawal Amount – If selected user should NOT be able to enter Amount. Auto calcualted using Free Withdrawal Amount. 5. Withdraw Until Basis ---- If selected user should NOT be able to enter Amount. Auto calcualted using Cost Basis.

Allowed values:AMOUNTPERCENTAGEMAXFREEWITHDRAWALAMOUNTWITHDRAWALUNTILBASISEARNINGSONLYPRORATA