| TRUE means that a specific FeatureOptProduct may look at FeatureOptProduct/MinContractAmt and override Ownership/MinPremiumInitialAmt.FALSE means the FeatureOptProduct/MinContractAmt should be used but will not override the Ownership/MinPremiumInitialAmt. Stating FALSE explicitly states the override would not be used on FeatureOptProduct. If there are multiple FeatureOptProducts with OverrideMinAmtInd set to TRUE, then the higher FeatureOptProduct/MinContractAmt would be used as the goal is not to override other Feature's minimums but rather override a Product's minimum. Arrangement example: If the product has a minimum premium initial amount (Ownership/MinPremiumInitialAmt) of $10,000 but an auto pay program minimum is $20,000, then the OverrideMinAmtInd should be set to true and MinContractAmt should be set to $20,000.Rider example: If the product has a minimum premium initial amount (Ownership/MinPremiumInitialAmt) of $100,000 but a surrender charge rider minimum is $200,000, then the OverrideMinAmtInd should be set to true and MinContractAmt should be set to $200,000. |