ExclusionInvestProductFeatureOptRequisiteFeeLevelizationProductOptionSysKeyOLifEExtensionPaymentModeMethProduct| Description |
| Levelization Product Option |
| Type : Complex Element |
| Definition |
| Income Payments are calculated at inception of the contract and will not vary until the payment is next levelized. The available frequencies in which the payout will be levelized are specified in LevelizationProductOption>PaymentModeMethProduct>PaymentMode. For example, income payments are calculated annually at the beginning of each annuity year and will not vary during an annuity year. Each income payment (paid monthly, quarterly, semi-annually or annually) will remain level during an annuity year, but may increase or decrease the next annuity year. An Assumed Interest Rate is selected for the levelization calculation. |
| Parents |
| IncomePayoutProductOption |
| Elements | |||
| AssumedInterestRateCC | Assumed Interest Rate Choice Collection | ||
| ExclusionInvestProduct | Exclusion Invest Product | ||
| FeatureOptRequisite | Feature Option Requisite | ||
| Fee | Fee | ||
| LevelizationOption | Levelization Option | ||
| LevelizationOptionCode | Levelization Option Code | ||
| LevelizationOptionName | Levelization Name | ||
| LevelizationProductOptionKey | LevelizationProductOption Key | ||
| LevelizationProductOptionSysKey | LevelizationProductOption System Key | ||
| OLifEExtension | OLifE Extension | ||
| PaymentFloorPct | Percent of initial payment | ||
| PaymentModeMethProduct | Payment Mode Method Product | ||
| Attributes | |||
| DataRep | Data Representation | ||
| id | id | ||