Description |
Coverage Option |
Type : Complex Element |
Definition |
A coverage option further describes or modifies the parent Coverage (Life) or Rider (Annuity or DisabilityHealth) Object with which it is associated. |
Parents |
Coverage Rider |
Elements | |||
AddedDate | The date the component was added to the contract. | ||
![]() | Alternate Premium Mode | ||
AnnualIndexType | Annual Index Type | ||
AnnualPremAmt | Annual Premium Amount | ||
![]() | Attachment | ||
BenefitCoordinationInd | Benefit Coordination Indicator | ||
![]() | Benefit Limit | ||
BenefitMode | Benefit Mode | ||
BenefitPeriod | Benefit Period | ||
ChildAgeUse | Child Age Use | ||
ChildMatureAge | Child Maturity Age | ||
ClassName | Class Name | ||
CommissionLink | Commission Link | ||
CommissionRate | Commission Rate | ||
![]() | Condition Type Option | ||
CovOptionKey | CovOption Key | ||
CovOptionNumber | Coverage option number | ||
CovOptionPctInd | True indicates the benefit amount is a percent stored in OptionPct. False indicates the benefit is a unit amount stored in OptionAmt. This is true when the benefit is defined as a percentage instead of a number of units - such as Premium Waiver defined as a percentage of the COI and expense charges. | ||
CovOptionStatus | Status of the Coverage Option | ||
![]() | CovOption System Key | ||
![]() | Coverage Option Language Translations | ||
DeathBenefitAmt | Death Benefit Amount | ||
![]() | Deduction Option | ||
Description | Description | ||
Duration | Duration | ||
DurationDesign | Duration Design | ||
EEContribAmt | Employee Contribution Amount | ||
EEContribPct | Employee Contribution Percent | ||
EffDate | Effective Date | ||
EliminationPeriod | Benefit Elimination Period | ||
ERContribAmt | Employer Contribution Amount | ||
ERContribPct | Employer Contribution Percent | ||
ExerciseDate | Exercise Next Date | ||
ExpiryDate | Expiration date | ||
![]() | Fee | ||
FiledFormNumber | Filed Form Number | ||
FlatExtraPremBasis | Flat Extra Premium Basis | ||
FormNo | Form Number | ||
GDBPrem | Guaranteed Death Benefit (aka No Lapse Guarantee) Premium | ||
GDBSkipPaymentDuration | Guaranteed Death Benefit Skip Payment Duration | ||
GracePeriodStartDate | The date that the contract will enter lapse processing | ||
GroupCovOption | Group Coverage Option | ||
GuidelineAnnPrem | Guideline Annual Premium | ||
GuidelineAnnPremSum | Cumulative amount of the guideline annual premiums for this coverage. | ||
GuidelineSinglePrem | Guideline Single Premium | ||
IssuedAsAppliedInd | Issued as Applied Indicator | ||
IssueSubType | Issue Sub Type | ||
IssueType | Issue Type | ||
![]() | Keyed Value | ||
LastRatingDate | Last Rating Date | ||
LevelPremiumPeriod | Level Premium Period | ||
LevelPremiumPeriodUnits | Level Premium Period Units | ||
LifeCovOptTypeCode | Life Coverage Option Type Code | ||
LivesType | Lives Type | ||
MarketingName | Marketing Name | ||
MaxBenefitAmt | Maximum Benefit Amount | ||
Mec7DBLowest | Lowest death benefit for the current 7-pay period | ||
MinPremAmt | Minimum Premium Amount | ||
ModalGrossFlatExtraAllowanceAmt | Modal Gross Flat Extra Allowance Amount | ||
ModalGrossFlatExtraPremAmt | Modal Gross Flat Extra Premium Amount | ||
ModalGrossPermFlatAllowAmt | Modal Gross Permanent Flat Extra Allowance Amount | ||
ModalGrossTempFlatAllowAmt | Modal Gross Temporary Flat Extra Allowance Amount | ||
ModalPermRatingAmt | Modal Permanent Table Premium Amount | ||
ModalPremAmt | Modal Premium Amount | ||
ModalTempRatingAmt | Modal Temporary Table Premium Amount | ||
NetCurrentAmt | Net Current Amount | ||
NumAvailableAccruedOccs | Number of Available Accrued Occurrences | ||
NumAvailableRequestedOccs | Number of Available Requested Occurrences | ||
NumReinstatedOccs | Number of Reinstated Occurrences | ||
NumUsedRequestedOccs | Number of Used Requested Occurrences | ||
Occupation | Occupation | ||
OccupRating | Rating Sub Type (Occupational Rating Code) | ||
![]() | OLifE Extension | ||
OptionAmt | Option Amount | ||
OptionNumberOfUnits | Number Of Units for this Option | ||
OptionPct | Option Percentage | ||
OptionPctType | Option Percent Type | ||
PaidUpDate | Paid Up Date | ||
![]() | Participant | ||
PaymentStructure | Payment Structure | ||
PayToAge | Pay To Age | ||
PayToYear | Pay To Year | ||
PermFlatExtraAmt | Permanent Flat Extra Amount | ||
PermFlatExtraEndDate | Permanent Flat Extra End Date | ||
PermPercentageLoading | Permanent Percentage Loading | ||
PermRatingAmtPerThou | Permanent Substandard Rating Amount Per Thousand | ||
PermRatingType | Permanent Rating Type | ||
PermTableRating | Permanent Table Rating | ||
PermTableRatingAlphaCode | Permanent Table Rating Alpha Code | ||
PermTableRatingEndDate | Permanent Table Rating End Date | ||
PlanName | Plan Name | ||
PreExistingConditionInd | Pre-Existing Condition Indicator | ||
PremiumPerUnit | Premium Per Unit | ||
PremiumRatePerUnit | Premium Rate Per Unit | ||
PremSourceType | Type code indicating Premium Source | ||
ProductCode | Product Code | ||
ProductVersionCode | Product Version Code | ||
QualAddBenefitInd | Used to determine if the cost of this coverage should be included when calculating cost basis. TRUE means it should be included. | ||
RatingCommissionRule | Rating Commission Rule | ||
RatingOverriddenInd | Rating Overridden Indicator | ||
RatingReason | Rating Reason | ||
![]() | Reinsurance Information | ||
RenewalPremiumPerUnit | Renewal Premium Per Unit | ||
RenewalPremiumRatePerUnit | Renewal Premium Rate Per Unit | ||
![]() | Restriction Information | ||
SECGuidelinePrem | 'SEC' stands for Securities and Exchange Commission. This is a guideline annual premium (similar in concept to Coverage.GuidelineAnnPrem), but calculated with a 5% interest assumption. It is used to test the 'reasonableness' of the surrender charges on a VUL policy. This property only applies to policies that are Variable Universal Life (Policy.ProductType = OLI_PRODTYPE_VUL), and then only in the U.S. Then only for older policies (as newer policies test the reasonableness of their surrender | ||
![]() | Shadow Account | ||
ShortName | Short Name | ||
![]() | Substandard Rating | ||
TargetPremAmt | Target Premium Amount | ||
TargetPremAmtATD | The accumulated target premium for this coverage since the last policy anniversary. | ||
TargetPremAmtITD | The accumulated target premium for this coverage since Issue. | ||
TargetPremAmtMTD | The accumulated target premium for this coverage since the last monthly anniversary. | ||
TargetPremAmtYTD | The accumulated target premium for this coverage During the current calendar year. | ||
TempFlatEndDate | Temporary Flat End Date | ||
TempFlatExtraAmt | Temporary Flat Extra Amount | ||
TempFlatExtraDuration | Temporary Flat Extra Duration | ||
TempFlatExtraOverrideEffDate | Temporary Flat Extra Override Effective Date | ||
TempFlatExtraOverrideEndDate | Temporary Flat Extra Override End Date | ||
TempFlatStartDate | Temporary Flat Extra Start Date | ||
TempPercentageLoading | Temporary Percentage Loading | ||
TempRatingAmtPerThou | Temporary Substandard Rating Amount Per Thousand | ||
TempRatingType | Temporary Rating Type | ||
TempTableRating | Temporary Table Rating | ||
TempTableRatingCode | Temporary Table Rating Code | ||
TempTableRatingEndDate | Temporary Table Rating End Date | ||
TempTableRatingStartDate | Temporary Table Rating Start Date | ||
TermDate | Termination Date | ||
TobaccoPremiumBasis | Tobacco Premium Basis | ||
TotalUsedOccs | Total Used Occurrences | ||
UnderwritingClass | Underwriting Class | ||
UnderwritingClassRanking | Underwriting Class Ranking | ||
UnderwritingSubClass | Underwriting Subclass | ||
UpgradeAvailableInd | Upgrade Available Indicator | ||
ValuePerUnit | Value Per Unit |
Attributes | |||
CarrierLicenseID | Carrier License ID | ||
DataRep | Data Representation | ||
id | id | ||
LifeParticipantRefID | Pointer to the Appropriate LifeParticipant Object (References LifeParticipant) |