SECGuidelinePrem

Description
'SEC' stands for Securities and Exchange Commission. This is a guideline annual premium (similar in concept to Coverage.GuidelineAnnPrem), but calculated with a 5% interest assumption. It is used to test the 'reasonableness' of the surrender charges on a VUL policy. This property only applies to policies that are Variable Universal Life (Policy.ProductType = OLI_PRODTYPE_VUL), and then only in the U.S. Then only for older policies (as newer policies test the reasonableness of their surrender

Type : Currency

Parents
Coverage CovOption