Loan interest on most insurance policies is paid once a year. The LoanIntAmtDueATD
represents the interest amount DUE this year regardless of when it is paid by the client (in
advance, arrears, amortized) or how much has been earned to date by the insurance company.
This amount is usually the sum of earned interest and unearned interest for the year.
Anniversary is defined by Loan>LoanTiming.For example, on policies paid in arrears, this property represents this year's loan
interest due that is not yet paid this year. On a policy paid in advance, this represents the
amount for the year which was or should have been paid.This property addresses the interest paid by the client, not interest credited to the
loan. |