ResidualDivType

Description
Residual Dividend Type

Type : OLI_LU_DIVTYPE
DescriptionNameValue
Accumulate at interestOLI_DIVOPT_ACCUM5
Add dividend to cash value (UL)OLI_DIVOPT_CV10
Buy Paid Up Additions to a planned specified amount Remainder to CashOLI_DIVOPT_PUACASH27
Contract FundOLI_DIVOPT_CONTRACT14
EconomaticOLI_DIVOPT_ECONO13
EnhancedOLI_DIVTYPE_ENHANCED32
Investment FundOLI_DIVTYPE_INVEST35
NoneOLI_DIVOPT_NONE1
OtherOLI_OTHER2147483647
Paid in cashOLI_DIVOPT_CASH2
Paid Up Addition and Loan ReductionOLI_DIVTYPE_PUALR26
Paid-Up AdditionsOLI_DIVOPT_PUA3
Paid up additions to a planned specified amount remainder accumulate at interestOLI_DIVTYPE_PUAACCUM23
Paid up additions to a planned specified amount remainder to loan reductionOLI_DIVTYPE_PUALOANRED24
Paid up additions to a planned specified amount remainder to one year termOLI_DIVTYPE_PUAOYT25
Pay off loan and accumulate remainder at interestOLI_DIVTYPE_PAYINT22
Pay off loan and purchase one year termOLI_DIVTYPE_PAY21
Plan EnhancementOLI_DIVOPT_PLANENHANCE19
Policy ImprovementOLI_DIVOPT_POLIMPROVE18
Pre-paid premium, surrender PUAOLI_DIVTYPE_PPSURPUA34
Pre-paid premium, surrender whole life additionsOLI_DIVTYPE_PPSURRWLA33
Profit AccumulationOLI_DIVTYPE_PROFITACCUM38
PVT Met Same as 10 Allocate to investment subaccounts.OLI_DIVOPT_ALLOCATETOINV20
Reduce Loan ValuesOLI_DIVOPT_REDLOAN11
Reduce loan values, balance in cashOLI_DIVOPT_REDLNCASH15
Reduce loan values, balance to accumulateOLI_DIVOPT_REDLNACCUM17
Reduce loan values, balance to PUAOLI_DIVOPT_REDLNPUA16
Reduce PremiumOLI_DIVOPT_RED4
Reduce premium, balance in cashOLI_DIVOPT_REDCASH7
Reduce premium, balance to accumulateOLI_DIVOPT_REDACCUM9
Reduce premium, balance to PUAOLI_DIVOPT_REDPUA8
Reduce Premium, balance to Reduce Loan ValueOLI_DIVOPT_REDPREMREDLOAN29
Reduce Premiums, Excess to SuspenseOLI_DIVTYPE_SUSPENSE37
Special ArrangementOLI_DIVOPT_SPECARRANGE28
Specified amount in cash balance to Paid Up AdditionsOLI_DIVOPT_SPECPUA12
Term Dividend Option (FULL)OLI_DIVOPT_OYT6
Term Dividend Option (maximum purchase amount)OLI_DIVOPT_OYTWITHMAX30
Transfer to equity depositOLI_DIVTYPE_TRANSFER31
UnknownOLI_UNKNOWN0
Whole life additionsOLI_DIVTYPE_WLA36

Definition
On policies where the dividend option is one of the "OYT with maximum purchase amount" methods, it is possible for the amount of dividend to exceed the amount needed to purchase the maximum amount of one year term insurance allowed. In this case, this field will contain the dividend option for handling the residual dividend amount specified in ResidualDivAmt.

Parents
Life