| Description |
| Coverage |
| Type : Complex Element |
| Definition |
| This object contains the properties that delineate the characteristics for a single benefit, rider, provision, election, etc. found on a life insurance policy. The collection of coverage objects represents all the individual components included in the policy and defines or limits the obligations under that contract. There must be one and only one Coverage which defines the base characteristics of the underlying policy. This special Coverage should have its IndicatorCode property set to type "Base".This object contains the properties that pertain to a specific coverage or rider within a policy. The base coverage information for this policy is represented using this object as well. A collection of coverage objects represents all the coverages or riders for a particular life insurance policy.When a coverage ends, all of its children/subordinate objects end as well (e.g. CovOption, LifeParticipant). The Coverage object is unique to life products, while annuities, and disability lines of business use the Rider object to model various components of a policy. Coverages do not include financial arrangements such as periodic deposits, withdrawals or dividends which are modeled as "Arrangements", or loans which are modeled as "Loans". |
| Parents |
| Life |
| Elements | |||
| AddedDate | The date the component was added to the contract. | ||
| AllocPremATD | Allocated Premium Anniversary-To-Date | ||
| AllocPremITD | The amount of the total premiums paid since issue (Life.TotCumPremAmt) that have been allocated to this coverage. This is used for surrender charge calculations. | ||
 AltPremMode | Alternate Premium Mode | ||
| AnnualPremAmt | Annual Premium Amount | ||
| Attachment | Attachment | ||
| BeneDesignationWording | Beneficiary Designation Wording | ||
| BenefitAmtAcc | Benefit Amount Accident - $$ amount | ||
| BenefitAmtSick | Benefit Amount Sickness - $$ amount | ||
| BenefitCoordinationInd | Benefit Coordination Indicator | ||
| BenefitIndex | Benefit Index Percentage Change | ||
| BenefitLimit | Benefit Limit | ||
| BenefitMode | Benefit Mode | ||
| BenefitPeriod | Benefit Period | ||
| BenefitPeriodAcc | Benefit Period for accident | ||
| BenefitPeriodSick | Benefit Period for sickness | ||
| BenefitScheduleType | How to determine the benefit amount | ||
| BenefitStructure | Code representing the structure of the benefits. | ||
| CarrierAdminSystem | Carrier Administration System | ||
| CashSurrValue | Cash Surrender Value | ||
| CashValue | Total Cash Value | ||
| ChargeTotalAmt | Charge Total Amount | ||
| ChildAgeUse | Child Age Use | ||
| ChildMatureAge | Child Maturity Age | ||
| CommissionLink | Commission Link | ||
| CommissionRate | Commission Rate | ||
| ConditionTypeOption | Condition Type Option | ||
| ConversionCreditAmt | Conversion Credit Amount | ||
| ConversionDate | Conversion Date | ||
| ConversionStartDate | Conversion Start Date | ||
| CostOfInsAgeDesign | Cost of Insurance Age Design | ||
| CostOfInsDurationDesign | Cost Of Insurance Duration Design | ||
| CoverageKey | Coverage Key | ||
| CoveragePercentageSelected | Percent of Salary or Multiple | ||
| CoverageSysKey | Coverage System Key | ||
| CoverageXLat | Coverage Language Translations | ||
| CovNumber | Coverage Number | ||
| CovOption | Coverage Option | ||
| CumPremAmtFirstYr | Cumulative Premium Amount First Year | ||
| CurrentAmt | Current Amount | ||
| CurrentNumberOfUnits | Current Number Of Units | ||
| CusipNum | CUSIP Number | ||
| DBOSwitch | Indicates that this coverage was created as a result of a Death Benefit Option switch. This property would only apply if this coverage is a 'base increase' coverage (Coverage.IndicatorCode = OLI_COVIND_BASEINCR). | ||
| DeathBenefitAmt | Death Benefit Amount | ||
| DeathBenefitOptionName | Death Benefit Option Name | ||
| DeathBenefitOptType | Option chosen for this contract which would affect the death proceeds, i.e. increasing, level. | ||
| DeathBenefitPctInc | Death Benefit Option percent increase | ||
| DeductedCOIChgsATD | DeductedCOIChgsBaseATD is the amount of COI charges made since the last policy anniversary for the contract's basic values. This includes the base coverage and any coverage that supplements or adjusts the coverage amount for the primary insured(s). | ||
| DeductedCOIChgsITD | DeductedCOIChgsBaseITD is the amount of COI charges made since issue of the policy for the contract's basic values. This includes the base coverage and any coverage that supplements or adjusts the coverage amount for the primary insured(s). | ||
| DeductedCOIChgsMTD | DeductedCOIChgsBaseMTD is the amount of COI charges made during the last policy month for the contract's basic values. This includes the base coverage and any coverage that supplements or adjusts the coverage amount for the primary insured's). | ||
| DeductedCOIChgsYTD | DeductedCOIChgsBaseYTD is the amount of COI charges made during the current policy year for the contract's basic values. This includes the base coverage and any coverage that supplements or adjusts the coverage amount for the primary insured(s). | ||
| DeductionOption | Deduction Option | ||
| Description | Description | ||
| DivSeriesIndString | Dividend Series Indicator Description | ||
| Duration | Duration | ||
| DurationDesign | Duration Design | ||
| EEContribAmt | Employee Contribution Amount | ||
| EEContribPct | Employee Contribution Percent | ||
| EffDate | Effective Date | ||
| EliminationPeriod | Benefit Elimination Period | ||
| ElimPeriodAcc | Elimination Period for accident | ||
| ElimPeriodSick | Elimination Period for sickness | ||
| EquivalentAge | Equivalent Issue Age | ||
| EquivalentUnderwritingClass | Equivalent Underwriting Class | ||
| EquivalentUnderwritingSubClass | Equivalent Underwriting Sub Class | ||
| ERContribAmt | Employer Contribution Amount | ||
| ERContribPct | Employer Contribution Percent | ||
| ExcessPremAmtATD | Excess Premium Amount Anniversary-To-Date | ||
| ExcessPremAmtITD | Excess Premium Amount Issue-To-Date | ||
| ExcessPremAmtMTD | Excess Premium Amount Month-To-Date | ||
| ExcessPremAmtYTD | Excess Premium Amount Year-To-Date | ||
| ExerciseDate | Exercise Next Date | ||
| ExpiryDate | Expiration date | ||
| Fee | Fee | ||
| FiledFormNumber | Filed Form Number | ||
| FinalPaymentDate | Final Payment Date | ||
| FormNo | Form Number | ||
| GDBPrem | Guaranteed Death Benefit (aka No Lapse Guarantee) Premium | ||
| GrandfatheredInd | Coverage Amount Grand fathered | ||
| GroupCoverage | Group Coverage | ||
| GuaranteedCoverageOption | Guaranteed Coverage Option | ||
| GuarCOIChargesMTD | Guaranteed COI charges Month-To-Date | ||
| GuarIntRate | Guaranteed Interest Rate | ||
| GuidelineAnnPrem | Guideline Annual Premium | ||
| GuidelineAnnPremSum | Cumulative amount of the guideline annual premiums for this coverage. | ||
| GuidelineFace | Guideline Face | ||
| GuidelineSinglePrem | Guideline Single Premium | ||
| IndicatorCode | Indicator Code | ||
| InitCovAmt | Initial Coverage Amount | ||
| InitialReserveIntRate | Initial Reserve Interest Rate | ||
| InterestEarnedATD | Interest Earned Anniversary-To-Date | ||
| InterestEarnedITD | Interest Earned Issue-To-Date | ||
| IntialNumberOfUnits | Initial Number Of Units of this coverage | ||
| IssueBasis | Issue Basis | ||
| IssuedAsAppliedInd | Issued as Applied Indicator | ||
| IssueDate | Issue Date | ||
| IssueGender | Issue Gender | ||
| IssueNation | Issue Nation | ||
| IssueNationDesc | Issue Nation Description | ||
| IssueSubType | Issue Sub Type | ||
| IssueType | Issue Type | ||
| JointAgeBasis | Joint Age Basis | ||
| Jurisdiction | Jurisdiction | ||
| KeyedValue | Keyed Value | ||
| LastAnniversaryDate | Last Anniversary Date | ||
| LastPaymentDate | The date the premium on the coverage was paid. | ||
| LastPremAmt | Last Premium Amount | ||
| LevelPremiumPeriod | Level Premium Period | ||
| LevelPremiumPeriodUnits | Level Premium Period Units | ||
| LifeCovStatus | Status of Coverage | ||
| LifeCovTypeCode | Type of coverage. | ||
| LifeParticipant | Life Participant | ||
| LineOfBusiness | Line Of Business | ||
| LivesType | Lives Type | ||
| MarketingName | Marketing Name | ||
| Mec7DBLowest | Lowest death benefit for the current 7-pay period | ||
| MinPremAmt | Minimum Premium Amount | ||
| ModalPremAmt | Modal Premium Amount | ||
| MonthlyBenefitAmt | The maximum amount of benefits that can be accelerated in a given month. Long Term Care claim payments in a given month cannot exceed this amount. The figure is 'As Of' the Monthly Benefit Effective Date. | ||
| MonthlyBenefitEffDate | The date for which the Monthly Benefit Amt was effective. | ||
| MortalityOrMorbidityTable | Mortality or Morbidity Table | ||
| MortgageInterestRate | Mortgage Interest Rate | ||
| NetAmtAtRisk | Net Amount at Risk | ||
| NetCurrentAmt | Net Current Amount | ||
| NextAnniversaryDate | Next anniversary date | ||
| NumChildren | Number of Children | ||
| NumChildrenExcluded | Number of Children Excluded | ||
| NumLives | Number of Lives | ||
| OLifEExtension | OLifE Extension | ||
| PaidToDate | Paid To Date | ||
| PaidUpDate | Paid Up Date | ||
| ParticipatingCSVInd | Participating Cash Surrender Value Indicator | ||
| ParticipatingInd | Participating Indicator | ||
| PaymentDueDate | Payment Due Date | ||
| PaymentMode | Payment Mode | ||
| PaymentStructure | Payment Structure | ||
| PayToAge | Pay To Age | ||
| PayToYear | Pay To Year | ||
| PlanName | Plan Name | ||
| PolicyExhibitStatus | Policy Exhibit Status | ||
| PreExistingConditionInd | Pre-Existing Condition Indicator | ||
| PremAmtATD | Premium Amount Anniversary-To-Date | ||
| PremFreezeDate | Premium Freeze Date | ||
| PremiumPerUnit | Premium Per Unit | ||
| PremiumRatePerUnit | Premium Rate Per Unit | ||
| PremPaymentDurBasis | Premium Payment Duration Basis | ||
| PremSourceType | Type code indicating Premium Source | ||
| PriorCovNumber | Prior coverage number | ||
| PriorEffDate | Prior Effective Date | ||
| ProductCode | Product Code | ||
| ProductVersionCode | Product Version Code | ||
| Purpose | Purpose | ||
| QualAddBenefitInd | Used to determine if the cost of this coverage should be included when calculating cost basis. TRUE means it should be included. | ||
| ReinsuranceInfo | Reinsurance Information | ||
| RenewableInd | Renewable Indicator | ||
| RenewalDate | Renewal Date | ||
| RenewalPremiumPerUnit | Renewal Premium Per Unit | ||
| RenewalPremiumRatePerUnit | Renewal Premium Rate Per Unit | ||
| ReserveFunction | Reserve Function | ||
| ReserveIntRate | Reserve Interest Rate | ||
| ReserveIntRateSplitDur | Reserve Interest Rate Split Duration | ||
| ReserveMethod | Reserve Method | ||
| RestrictionInfo | Restriction Information | ||
| SalaryPct | Percentage of salary utilized for calculating payment amount associated with this particular coverage. | ||
| 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 | ||
| ShortName | Short Name | ||
| StatusChangeDate | Status Change Date | ||
| StatusReason | Reason for Status | ||
| SubAccountInfo | Sub Account Information | ||
| SurrCharge | Surrender Charge | ||
 SurrChargeAmt | Surrender Charge Amount | ||
| SurrChargeITD | Surrender Charges Issue-To-Date | ||
| SurrTargetPrem | The target premium to use for the purpose of calculating surrender charges. In many cases, this is the same as the target premium used for calculating commissions (Coverage.TargetPremAmt), but for some policies, it is different. | ||
| Target2PremAmt | Target 2 Premium Amount | ||
| 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. | ||
| TermDate | Termination Date | ||
| TIAAmount | Temporary Insurance Agreement Amount | ||
| TIAEffDate | Temporary Insurance Effective Date | ||
| TIAInEffectInd | Indicates if Temporary Insurance Agreement is in effect | ||
| TIAPremAmt | Temporary Insurance Premium Amount | ||
| TobaccoPremiumBasis | Tobacco Premium Basis | ||
| TotAnnualPremAmt | Total annual premium of the coverage. Includes associated options. | ||
| UnderwritingReview | Underwriting Review | ||
| UpgradeAvailableInd | Upgrade Available Indicator | ||
| ValuationBaseSeries | Valuation Base Series | ||
| ValuationClassType | Valuation Class Type | ||
| ValuationSubSeries | Valuation Sub Series | ||
| ValuePerUnit | Value Per Unit | ||
| Attributes | |||
| CarrierLicenseID | Carrier License ID | ||
| DataRep | Data Representation | ||
| id | id | ||
| IncreasedCoverageID | Increased Coverage Identifier (References Coverage) |
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