Description |
Minimum Premium Amount |
Type : Currency |
Definition |
This is current no lapse guarantee premium for a policy, coverage, or coverage option. This premium is normally adjusted when changes in coverages occur such as an increase or decrease in coverage. If on the Life object, this premium is adjusted when a coverage is added or removed. If the cumulative no lapse guarantee premium is tracked then the sum of the MinPremAmts since the Coverage was issued is valued in the property GDBPrem. |
Parents |
Coverage CovOption Life |