CoverageProduct

Description
Coverage Product

Type : Complex Element

Definition
CoverageProduct defines the available provisions under a life insurance PolicyProduct. "Components" of PolicyProduct Coverages are commonly referred to as to coverages, riders, provisions, elections, benefits etc. From a conceptual model perspective, there must be one CoverageProduct which defines the base (primary) characteristics of the underlying PolicyProduct. This may repeat to show variations of the CoverageProduct that are available for the PolicyProduct. This special CoverageProduct should have its IndicatorCode property set to type "Base". While it is conceptually required, the base CoverageProduct may or may not be provided in a transaction depending on the requirements of that transaction. Any component that does not alter/affect other CoverageProducts defined within a PolicyProduct, should be modeled as a CoverageProduct. Any component that alters/affects other CoverageProducts defined within a PolicyProduct, should be modeled as a CovOptionProduct.

Parents
LifeProduct

Elements
AgeAmtProductAge and Amount Information for Product
AttachmentAttachment
BenefitCoordinationIndBenefit Coordination Indicator
CashValueRateCash Value Rate
ChildAgeUseChild Age Use
ChildMatureAgeChild Maturity Age
ChildMaxIssueAgeChild Maximum Issue Age
ChildPremRuleChild Premium Rule
COIRateCost of Insurance Rate Definition
ConflictObjectInfoConflict Object Information
CostOfInsAgeDesignCost of Insurance Age Design
CostOfInsDurationDesignCost Of Insurance Duration Design
CovAmountChangesCoverage Amount Changes Allowed
CovAmtModulusFactorCoverage Amount Modulus Factor
CovEffDateRestrictionCoverage Effective Date Restriction
CoverageProductKeyCoverageProduct Key
CoverageProductSysKeyCoverageProduct System Key
CoverageProductXLatCoverage Product Language Translations
CovOptionProductCoverage Option Product
CovScopeCoverage Scope
CovUnitTypeCoverage Unit Type
CusipNumCUSIP Number
DBOptChangesDeath Benefit Options Changes Allowed
DeathBenefitOptCCDeath Benefit Option Class Collection
DeathBenefitOptionInfoDeath Benefit Option Information
DescriptionDescription
DisabilityHealthProvisionsDisability Health Provisions
DividendRateDividend Rate Definition
DurationDesignDuration Design
FeeFee
FiledFormNumberFiled Form Number
FlatExtraPremBasisFlat Extra Premium Basis
GuarInitRenewYrsGuaranteed Initial Renewal Years
GuarSubseqRenewStartYrGuaranteed Subsequent Renewal Start Year
GuarSubseqRenewYrsGuaranteed Subsequent Renewal Year
HIPAANinetyDayCertRequireIndHIPAA Ninety Day Requirement Certification Indicator
IndeterPremRenewModeIndeterminate Premium Renewal Mode
IndeterPremRenewPeriodIndeterminate Premium Renewal Period
IndicatorCodeIndicator Code
InitialPremRenewYrsInitial Premium Renewal Years
IssueGenderCCIssue Gender Choice Collection
JointAgeBasisJoint Age Basis
JurisdictionApprovalJurisdiction Approval
LevelPremiumPeriodLevel Premium Period
LevelPremiumPeriodUnitsLevel Premium Period Units
LifeCovTypeCodeType of coverage.
LivesTypeLives Type
LTDIncreaseIndOn a last to die policy, the cash value increases on the first death if true. There is no increase if false.
LTDPaidUpIndOn a last to die policy, the policy becomes paid up on the first death if this is True
MarketingNameMarketing Name
MaturityAgeAttained age when coverage matures or expires
MaturityAgeUseMaturity Age Use
MaturityDurationCoverage duration when coverage matures.
MaturityDurationQualifierMaturity Duration Qualifier
MaxAgeMeasureUnitMaximum Age Measure Unit
MaxAmtOfBaseMaximum Amount of Base
MaxAmtOfBasePlusAddOnsMaximum amount of base plus add ons.
MaxCovInstancesMaximum Coverage Instances
MaxFlatExtraMaximum Flat Extra
MaxFlatExtraOnBaseMaximum Flat Extra on Base
MaxIssueAgeMaximum Issue Age
MaxIssueAmtMaximum Issue Amount
MaxIssueUnitsMaximum Issue Units
MaxMultiLivesMaximum Persons allowed on a multi life coverage
MaxPctIncreaseMaximum percentage increase
MaxPermFlatExtraMaximum Permanent Flat Extra
MaxPermFlatExtraOnBaseMaximum Permanent Flat Extra on Base
MaxRatioToBaseMaximum Ratio to Base
MaxRatioToBasePlusAddOnsMaximum Ratio To Base Plus Add-Ons
MaxTableOnBaseMaximum Table Rating on Base coverage
MaxTableRatingMaximum Table Rating
MaxTempFlatExtraMaximum Temporary Flat Extra
MaxTempFlatExtraOnBaseMaximum Temporary Flat Extra on Base
MinAgeMeasureUnitMinimum Age Measure Unit
MinAmtAfterDecreaseMinimum Amount After Decrease
MinAmtDecreaseMinimum Amount of Decrease
MinAmtIncreaseMinimum Amount of Increase
MinAmtOfBaseMinimum Amount of Base
MinAmtOfBasePlusAddOnsMinimum amount of base plus add ons.
MinIssueAgeMinimum Issue Age
MinIssueAmtMinimum Issue Amount
MinIssueUnitsMinimum Issue Units
MinMaturityDurationMinimum Maturity Duration
MinMaturityDurationQualifierMinimum Maturity Duration Qualifier
MinPctIncreaseThe minimum percentage increase on a coverage increase
MinRatioToBaseMinimum Ratio to Base
MinRatioToBasePlusAddOnsMinimum Ratio To Base Plus Add-Ons
OLifEExtensionOLifE Extension
ParticipantProductParticipant Product
ParticipatingIndParticipating Indicator
PaymentStructurePayment Structure
PayToAgePay To Age
PayToYearPay To Year
PlanNamePlan Name
PreExistingConditionIndPre-Existing Condition Indicator
PremiumRatePremium Rate
ProductCodeProduct Code
ProductVersionCodeProduct Version Code
QualifiedPlanEntityQualified Plan Entity
RenewableIndRenewable Indicator
ReqRelToPrimaryInsRequired Relationship to Primary Insured
RequisiteObjectInfoRequisite Object Information
RestrictionInfoRestriction Information
SaleEffectiveDateSale Effective Date
SaleExpirationDateSale Expiration Date
SelectionRuleSelection Rule
SequenceSequence
ShortNameShort Name
SubseqPremRenewYrsSubsequent Premium Renewal Years
SubseqPremStartYrSubsequent Premium Start Year
SubstdFlatAdjFactorSubstandard Flat Adjustment Factor
SubstdFlatAdjIndSubstandard flat adjustment indicator
SubstdMaxIssueAgeSubstandard Maximum Issue Age
SubstdMaxIssueAmtSubstandard Maximum Issue Amount
SubstdMaxIssueUnitsSubstandard Maximum Issue Units
SubstdPolicyReserveMethodSubstandard Policy Reserve Method
SubstdPolicyReservePctSubstandard Policy Reserve Percent
SubstdReserveCeaseTypeSubstandard Reserve Cease Type
SubstdReserveCeaseValueSubstandard Reserve Cease Value
TableRefTable Reference
UnderwritingClassProductUnderwriting Class Product
ValuationClassTypeValuation Class Type
ValuePerUnitValue Per Unit

Attributes
DataRepData Representation
idid
PartyIDParty IDREF
(References Party)