| Description |
| SEC Guideline Premium |
| Type : Currency |
| Definition |
| Securities and Exchange Commission (SEC) guideline annual premium is 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. |
| Parents |
| Coverage CovOption |