TC_ILLUSSECTYPE

Title (TC_ILLUSSECTYPE)
Illustration Secondary Type

Definition
The secondary transaction type provides further instructions on how to treat the primary transaction during the illustration.

Used By
IllustrationTxn (IllusTxnSecondaryType)

Codes
DescriptionNameValueDefinitionNotes
7 Pay faceILL_SEC_COV_7PAY75
Accumulate at interestILL_SEC_DIVOPT_ACCUM164
Add coverage / benefitILL_SEC_COV_ADD71
Add dividend to cash value (UL)ILL_SEC_DIVOPT_CV1612
After Tax / Gross up / then loansILL_SEC_INCTAXOUT_AFRTAXGULOAN144
After Tax / Switch to loansILL_SEC_INCTAXOUT_AFRTAXGROSS143
Always specified amount (default)ILL_SEC_TAXBRACK_SPECAMT20
Amount Specified / After Tax Gross UpILL_SEC_INCTAXOUT_AFRTAX142
Amount Specified / Before TaxILL_SEC_INCTAXOUT_BFRTAX141
Amount specified (default)ILL_SEC_TEMPFLATEXTRAAMT_SPEC100
AnnuitizationILL_SEC_ANNUITIZATION54
Apply complete premium necessary to satisfy 7 pay (always point in time)ILL_SEC_PMTSCHD_PREM7PAY36
Apply minimum premiumILL_SEC_PMTSCHD_MPREM34
Apply minimum premium * transaction amount (required multiple)ILL_SEC_PMTSCHD_MINPREMXTXN31
Apply minimum premium + transaction amount (required adjusted)ILL_SEC_PMTSCHD_PREMPLUSTXN32
Apply Target premiumILL_SEC_PMTSCHD_TRGTPREM35
Apply target premium * transaction amount (recommended multiple)ILL_SEC_PMTSCHD_TRGTPREMXTXN33
Apply transaction amount as specified premium (default)ILL_SEC_PMTSCHD_SPECPREM30
Blended percentage / (example 0 30 indicates 30% guaranteed and 70% current)ILL_SEC_MORTRATE_BLENDPCT91
Blended percentage (example 0 30 indicates 30% guaranteed and 70% current)ILL_SEC_INTRATE_BLENDPCT86
Contract FundILL_SEC_DIVOPT_CONTRACT1616
Convert Coverage from term to permILL_SEC_COV_CONVERSION79
Current interest rateILL_SEC_INTRATE_CURRENT82
Current Rate (use 100% of current)ILL_SEC_MORTRATE_CURRENT92
Death Benefit Option / IncreasingILL_SEC_DBOPT_INCR12
Death Benefit Option / Return of premiumILL_SEC_DBOPT_RETPREM13
Death Benefit Option - LevelILL_SEC_DBOPT_LEVEL11
Distribution as transaction amount (default)ILL_SEC_DIST_TXNAMT50
EconomaticILL_SEC_DIVOPT_ECONO1615Dividends payable under the Economatic Dividend Type are used to purchase an amount of One Year Term insurance and paid-up additions in such amounts that the total insurance provided continues the original amount of insurance. This dividend option is available only on specified Economatic policies or on policies which have an Economatic rider attached. These products provide for a decrease in the base policy face amount, usually after three years. The decreased face amount of the base policy insurance is referred to as the Ultimate Amount of insurance. After the decrease, the annual dividend is used to purchase a combination of OYT and PUA insurance, the total of which is equivalent to the difference between the original and ultimate amounts of insurance.
End Coverage / BenefitILL_SEC_COV_END72
GDB Premium faceILL_SEC_COV_GDBPREMFACE76
GLP premium faceILL_SEC_COV_GLPPREMFACE78
Gross Accumulation Cash ValueILL_SEC_CASHVAL_ACCUM130Total accumulation value not reduced by loan balance or surrender charges
GuaranteedILL_SEC_MORTRATE_GTD93
Guaranteed interest rateILL_SEC_INTRATE_GTD81
Interest rate as transaction amount. (default)ILL_SEC_INTRATE_TXNAMT80
Lesser of GLP or GSP premium faceILL_SEC_COV_GLPORGSP77
Max distribution available at that timeILL_SEC_DIST_MAX51
MidpointILL_SEC_INTRATE_MIDPOINT85
Minimum premium faceILL_SEC_COV_MINPREM73
Net Accumulation Cash ValueILL_SEC_CASHVAL_ACCUMNET131Total accumulation value reduced by loan balance, but not reduced by surrender charges
Net Accumulation Value for Life IncomeILL_SEC_CASHVAL_NETLIFEINC135Solve for the Net Accumulation Value that will achieve the specified monthly income for life expectancyThis is popular with deferred annuities - instead of solving for a premium to achieve a known amount of cash value - solve for the amount necessary to fund a specified life income
Net Accumulation Value for Life Income with 10 year CertainILL_SEC_CASHVAL_NETLIFE10INC136Solve for the Net Accumulation Value that will achieve the specified monthly income for life expectancy and 10 year certainThis is popular with deferred annuities - instead of solving for a premium to achieve a known amount of cash value - solve for the amount necessary to fund a specified life income
Net Accumulation Value for Life Income with 20 year CertainILL_SEC_CASHVAL_NETLIFE20INC134Solve for the Net Accumulation Value that will achieve the specified monthly income for life expectancy and 20 year certainThis is popular with deferred annuities - instead of solving for a premium to achieve a known amount of cash value - solve for the amount necessary to fund a specified life income
Net Surrender ValueILL_SEC_CASHVAL_SURRNET133The Surrender Value reduced by the outstanding loan balance
OtherOLI_OTHER2147483647
Paid in cashILL_SEC_DIVOPT_CASH161
Paid-Up AdditionsILL_SEC_DIVOPT_PUA162
Pay accrued loan interestILL_SEC_PAY_PAY_LOAN_INT62Pay loan interest beginning with start date, through the end date, for the mode specified in the Txn detail.
Pay to GLPILL_SEC_PMTSCHD_GLP39
Pay to greater of GSP or GLPILL_SEC_PMTSCHD_GSPORGLP38
Plan enhancement (improves until lifetime then shortens premium duration)ILL_SEC_DIVOPT_PLANENHANCE1618
Policy Improvement (improves until lifetime plan)ILL_SEC_DIVOPT_POLIMPROVE1617
Preferred loans followed by withdrawal to basis followed by regular loanILL_SEC_INCTAXOUT_PREFLOAN145
Premium as transaction amountILL_SEC_NETPMT_PREMTXN41
Premium to satisfy guaranteed minimum death benefitILL_SEC_PMTSCHD_PREMGDB37
Reduce Loan ValuesILL_SEC_DIVOPT_REDLOAN1613
Reduce loan values, balance in cashILL_SEC_DIVOPT_REDLNCASH169balance in cash"
Reduce loan values, balance to accumulateILL_SEC_DIVOPT_REDLNACCUM1611balance to accumulate"
Reduce loan values, balance to PUAILL_SEC_DIVOPT_REDLNPUA1610balance to PUA"
Reduce PremiumILL_SEC_DIVOPT_RED163
Reduce premium, balance in cashILL_SEC_DIVOPT_REDCASH166balance in cash"
Reduce premium, balance to accumulateILL_SEC_DIVOPT_REDACCUM168balance to accumulate"
Reduce premium, balance to PUAILL_SEC_DIVOPT_REDPUA167balance to PUA"
Repay total loanILL_SEC_LOANREPAYTOTAL61
Repay transaction amount (default)ILL_SEC_LOANREPAYTXN60
Scheduled Loan amountsILL_SEC_SCHEDLOANAMT53
Scheduled withdrawals taken from the contract (partial surrender)ILL_SEC_DIST_SURRPARTIAL52
Smoker Status ChangeILL_SEC_UNDCHG_SMOKERSTAT152
Specified amount in cash balance to PUAILL_SEC_DIVOPT_SPECPUA1614
Specified Amount of Coverage ChangeILL_SEC_COV_TXNAMT70This indicates that the Illustration Transaction Amount will contain the amount of"change" for the coverage.A positive amount represents an increase in coverage , a negative amount signifies a reduction in coverage amount
Specified Amount of Total CoverageILL_SEC_COV_TXNAMTTOT137This indicates that the Illustration Transaction Amount will contain the desired amount of total coverage remaining.Because of intervening transactions that can adjust the coverage amount, such as changes to death benefit option or withdrawals this can provide different results than ILL_SEC_COV_TXNAMT .
Surrender ValueILL_SEC_CASHVAL_SURR132The total accumulation value reduced by applicable surrender charges
Table Rating ChangeILL_SEC_UNDCHG_TBLRTNG151
Target premium faceILL_SEC_COV_TRGTPREM74
Term Dividend Option (FULL)ILL_SEC_DIVOPT_OYT165
Use amount to indicate multiplier of current (e.g. 120 for 120%)ILL_SEC_MORTRATE_AMTBASED94
Use historical ratesILL_SEC_INTRATE_HISTORICAL83
Use specified rate as a net rateILL_SEC_INTRATE_NETRATE84