Duration

Description
Duration

Type : Integer

Definition
Unless otherwise indicated by a duration qualifier, Duration is specified in years based on current point in time.Numerous calculations and financial statements require knowing the current duration the policy is inforce (I.e. is the policy in year 2 or year 3 and thus certain actions may or may not be taken; certain restrictions may or may not be enforced; options available, etc.)

Parents
AdditionalInterestRateInfo BeneficiaryIncomeOptionInfo CarrierAppointment ChargePctSchedule ChargeSchedule Coverage CovOption IRSPremCalcMethod Organization Policy RateLockInfo Relation Rider