IncomeOption

Description
Income Option

Type : OLI_LU_INCOPTION
DescriptionNameValue
Carry ForwardOLI_IO_CRRYFRWD17
Customer SpecifiedOLI_IO_SPEC15
Deposit At interestOLI_IO_DEPOSITINT8
Dividend PaymentOLI_IO_DIVIDEND_PAY18
Fixed Amount Plus InterestOLI_IO_FIXED_PLUS_INT19
Fixed Settlement Option EndorsementOLI_IO_FIXSETTLMNTOPTENDORSMNT24
Greater Life w Installment Refund or Period CertOLI_IO_LIFEGIREFCERT25
Greater Of Life w Cash Refund or Period CertainOLI_IO_LIFEGCRCERT27
Greater of Period Certain and LifeOLI_IO_CERTANDLIFE2
IndexedOLI_IO_INDEXED12
Initial lump sum and period certainOLI_IO_LUMPANDCERT22
Interest OnlyOLI_IO_INT16
Lesser Life w Installment Refund or Period CertOLI_IO_LIFELIREFCERT26
Lesser Of Life w Cash Refund or Period CertainOLI_IO_LIFELCREFCERT28
Lesser of Period Certain and Life (AKA Temporary Life)OLI_IO_CERTORLIFE4
LevelOLI_IO_LEVEL14
Life OnlyOLI_IO_LIFEONLY1
Life Plus Installment RefundOLI_IO_CASHREFUND9
Life Plus Lump Sum (AKA Life with Cash Refund)OLI_IO_LIFEPLUSLUMP5
Life with Return of PremiumOLI_IO_LIFEWITHRETURN23
Lump SumOLI_IO_LUMPSUM6
Maximum distributionOLI_IO_TAXMAX11
Non-StandardOLI_IO_NONSTANDARD29
OtherOLI_OTHER2147483647
Pay a percentage of Accumulated ValueOLI_IO_PERCVALUE10
Percentage IncreaseOLI_IO_PERINC13
Period Certain OnlyOLI_IO_CERTONLY3
Required Minimum DistributionOLI_IO_RMD7
UnknownOLI_UNKNOWN0

Definition
A payout/income option a carrier offers for an immediate annuity or at annuitization of a deferred annuity.

Parents
IncomeOptionCC IncomeOptionInfo IncomePayoutProductOption Payout