| The period of time that the premium is designed to be level according to the product
definition of its parent object. This differs from DurationDesign in that DurationDesign is
the length of time the parent object is defined to be in force. For example, an annually
renewable term product may have a level premium for 10 years and annually increasing premiums
after 10 years but have an insurance coverage period that ends at age 95. In this case, the
LevelPremiumPeriod would be 10 years and the DurationDesign would be calculated as 95 minus
the issue age. |