CovOption

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
AddedDateThe date the component was added to the contract.
AltPremModeAlternate Premium Mode
AnnualIndexTypeAnnual Index Type
AnnualPremAmtAnnual Premium Amount
AttachmentAttachment
BenefitCoordinationIndBenefit Coordination Indicator
BenefitLimitBenefit Limit
BenefitModeBenefit Mode
BenefitPeriodBenefit Period
ChildAgeUseChild Age Use
ChildMatureAgeChild Maturity Age
ClassNameClass Name
CommissionLinkCommission Link
CommissionRateCommission Rate
ConditionTypeOptionCondition Type Option
CovOptionKeyCovOption Key
CovOptionNumberCoverage option number
CovOptionPctIndTrue 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.
CovOptionStatusStatus of the Coverage Option
CovOptionSysKeyCovOption System Key
CovOptionXLatCoverage Option Language Translations
DeathBenefitAmtDeath Benefit Amount
DeductionOptionDeduction Option
DescriptionDescription
DurationDuration
DurationDesignDuration Design
EEContribAmtEmployee Contribution Amount
EEContribPctEmployee Contribution Percent
EffDateEffective Date
EliminationPeriodBenefit Elimination Period
ERContribAmtEmployer Contribution Amount
ERContribPctEmployer Contribution Percent
ExerciseDateExercise Next Date
ExpiryDateExpiration date
FeeFee
FiledFormNumberFiled Form Number
FlatExtraPremBasisFlat Extra Premium Basis
FormNoForm Number
GDBPremGuaranteed Death Benefit (aka No Lapse Guarantee) Premium
GDBSkipPaymentDurationGuaranteed Death Benefit Skip Payment Duration
GracePeriodStartDateThe date that the contract will enter lapse processing
GroupCovOptionGroup Coverage Option
GuidelineAnnPremGuideline Annual Premium
GuidelineAnnPremSumCumulative amount of the guideline annual premiums for this coverage.
GuidelineSinglePremGuideline Single Premium
IssuedAsAppliedIndIssued as Applied Indicator
IssueSubTypeIssue Sub Type
IssueTypeIssue Type
KeyedValueKeyed Value
LastRatingDateLast Rating Date
LevelPremiumPeriodLevel Premium Period
LevelPremiumPeriodUnitsLevel Premium Period Units
LifeCovOptTypeCodeLife Coverage Option Type Code
LivesTypeLives Type
MarketingNameMarketing Name
MaxBenefitAmtMaximum Benefit Amount
Mec7DBLowestLowest death benefit for the current 7-pay period
MinPremAmtMinimum Premium Amount
ModalGrossFlatExtraAllowanceAmtModal Gross Flat Extra Allowance Amount
ModalGrossFlatExtraPremAmtModal Gross Flat Extra Premium Amount
ModalGrossPermFlatAllowAmtModal Gross Permanent Flat Extra Allowance Amount
ModalGrossTempFlatAllowAmtModal Gross Temporary Flat Extra Allowance Amount
ModalPermRatingAmtModal Permanent Table Premium Amount
ModalPremAmtModal Premium Amount
ModalTempRatingAmtModal Temporary Table Premium Amount
NetCurrentAmtNet Current Amount
NumAvailableAccruedOccsNumber of Available Accrued Occurrences
NumAvailableRequestedOccsNumber of Available Requested Occurrences
NumReinstatedOccsNumber of Reinstated Occurrences
NumUsedRequestedOccsNumber of Used Requested Occurrences
OccupationOccupation
OccupRatingRating Sub Type (Occupational Rating Code)
OLifEExtensionOLifE Extension
OptionAmtOption Amount
OptionNumberOfUnitsNumber Of Units for this Option
OptionPctOption Percentage
OptionPctTypeOption Percent Type
PaidUpDatePaid Up Date
ParticipantParticipant
PaymentStructurePayment Structure
PayToAgePay To Age
PayToYearPay To Year
PermFlatExtraAmtPermanent Flat Extra Amount
PermFlatExtraEndDatePermanent Flat Extra End Date
PermPercentageLoadingPermanent Percentage Loading
PermRatingAmtPerThouPermanent Substandard Rating Amount Per Thousand
PermRatingTypePermanent Rating Type
PermTableRatingPermanent Table Rating
PermTableRatingAlphaCodePermanent Table Rating Alpha Code
PermTableRatingEndDatePermanent Table Rating End Date
PlanNamePlan Name
PreExistingConditionIndPre-Existing Condition Indicator
PremiumPerUnitPremium Per Unit
PremiumRatePerUnitPremium Rate Per Unit
PremSourceTypeType code indicating Premium Source
ProductCodeProduct Code
ProductVersionCodeProduct Version Code
QualAddBenefitIndUsed to determine if the cost of this coverage should be included when calculating cost basis. TRUE means it should be included.
RatingCommissionRuleRating Commission Rule
RatingOverriddenIndRating Overridden Indicator
RatingReasonRating Reason
ReinsuranceInfoReinsurance Information
RenewalPremiumPerUnitRenewal Premium Per Unit
RenewalPremiumRatePerUnitRenewal Premium Rate Per Unit
RestrictionInfoRestriction 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
ShadowAccountShadow Account
ShortNameShort Name
SubstandardRatingSubstandard Rating
TargetPremAmtTarget Premium Amount
TargetPremAmtATDThe accumulated target premium for this coverage since the last policy anniversary.
TargetPremAmtITDThe accumulated target premium for this coverage since Issue.
TargetPremAmtMTDThe accumulated target premium for this coverage since the last monthly anniversary.
TargetPremAmtYTDThe accumulated target premium for this coverage During the current calendar year.
TempFlatEndDateTemporary Flat End Date
TempFlatExtraAmtTemporary Flat Extra Amount
TempFlatExtraDurationTemporary Flat Extra Duration
TempFlatExtraOverrideEffDateTemporary Flat Extra Override Effective Date
TempFlatExtraOverrideEndDateTemporary Flat Extra Override End Date
TempFlatStartDateTemporary Flat Extra Start Date
TempPercentageLoadingTemporary Percentage Loading
TempRatingAmtPerThouTemporary Substandard Rating Amount Per Thousand
TempRatingTypeTemporary Rating Type
TempTableRatingTemporary Table Rating
TempTableRatingCodeTemporary Table Rating Code
TempTableRatingEndDateTemporary Table Rating End Date
TempTableRatingStartDateTemporary Table Rating Start Date
TermDateTermination Date
TobaccoPremiumBasisTobacco Premium Basis
TotalUsedOccsTotal Used Occurrences
UnderwritingClassUnderwriting Class
UnderwritingClassRankingUnderwriting Class Ranking
UnderwritingSubClassUnderwriting Subclass
UpgradeAvailableIndUpgrade Available Indicator
ValuePerUnitValue Per Unit

Attributes
CarrierLicenseIDCarrier License ID
DataRepData Representation
idid
LifeParticipantRefIDPointer to the Appropriate LifeParticipant Object
(References LifeParticipant)