DeathBenefitAmt

Description
Death Benefit Amount

Type : Currency

Definition
The total benefit that would be paid upon the death of the primary, or joint, insured. It is net of any prior surrender charges, loans, cash value adjustments or term dividends.Prior to version 2.22, this property was documented as the Total Death Benefit that represents the death benefit for the primary insured on all coverages. This definition was updated in version 2.22 to include the current wording that implies it is a net death benefit. However, there was already a NetDeathBenefitAmt property for this purpose. The documentation inadvertently changed the semantic meaning of DeathBenefitAmt. DeathBenefitAmt is now ambiguous and may have different meaning or usage depending on implementation.

Parents
Annuity Coverage CovOption Life PolicyStatementDetail