TC_VECTOR

Title (TC_VECTOR)
Vector Types

Definition

Used By
Vector (VectorType)
VectorItem (VectorType)

Codes
DescriptionNameValueDefinitionNotes
1035 AmountVECTOR_1035AMT7Any 1035 lump sums paid into the contract (U.S. Only)
After tax death benefitVECTOR_AFTERTAXDEATHBEN74A/T Death Benefit Net of Loan After tax death benefit = net death benefit - tax on death benefit
After tax net cash surrender valueVECTOR_AFTERTAXCASHVALUE86After Tax Net Cash Surrender Value = Cash Surrender Value - Tax Due if Surrendered
After tax outlayVECTOR_AFTERTAXOUT64After Tax Outlay = before tax outlay - tax due
Annual dividendsVECTOR_DIVIDENDANNUAL141Dividend paid at the beginning of the year. Annual Dividends = Dividends Paid in Cash + Dividends to purchase paid up additions + Dividends used to reduce payment _ dividends applied to term dividend + dividends to accumulation + dividends reinvested into contract
Annuitization valueVECTOR_ANNUITIZATIONAMT132Amount that would be annuitized if annuitization were requested at that time. (settlement income)
Asset based chargeVECTOR_ASSETCHG126Vector of percentages of the asset based charge against a policy's account value each policy year. This field only typically applies to variable products (i.e. VUL); and only applies to those products that have an asset-based charge.
Attained policy ageVECTOR_ATTAINEDAGE102Attained Policy Age
Base policy dividendsVECTOR_DIVIDENDBASE150A Base policy dividends. does not include dividends from paid up additions
Base Premium (Annualized)VECTOR_BASEPREM1For a fixed premium contract; a vector of the contractually required premium payment applicable to the base coverage; annualized. For flexible premium contract; the actual premium paid to the policy. Does not include lump sums and 1035 amounts. Does not include substandard multiple and substandard flat extra premiums. Does include policy fee.
Before tax outlayVECTOR_BEFORETAXOUTLAY61Tax Outlay = Net Payments - Cash Distribution
Bonus AmountVECTOR_BONUSAMT128Return of premium bonus
Cash (surrender) valueVECTOR_CASHVALUE83Cash Value = Net Account Value - Surrender charges
Cash distributionVECTOR_CASHDISTRIB52Cash Distribution = Loan in cash + Surrender in Cash + Force-outs + dividends in cash
Cash value of Paid Up AdditionsVECTOR_PUACASHVALUE90The cash value of the paid up additions.
COI DeductionVECTOR_COIDED123Annualized amount deducted from the account value for mortality charges
Cost basisVECTOR_COSTBASIS105Cost Basis
Cumulative Guideline LimitVECTOR_CUMGUIDELIMIT1004Guideline limits on policy = maximum of guideline single or cumulative guideline level premium.
Death BenefitVECTOR_DEATHBEN71
Death benefit option - tc of V tagVECTOR_DEATHBENOPT103Death benefit option - use DeathBenefitOptionType lookup
Death Benefit Paid Up additionsVECTOR_PUADEATHBEN149A vector of the Death Benefit resulting from dividends on external paid up additions.
Dividend OptionVECTOR_DIVIDENDOPT152Typecodes that correspond to OLifE set
Dividends applied to term dividendVECTOR_DIVIDENDAPPLIEDTERM145The amount of annual dividend applied To a Term Dividend Option.
Dividends paid in cashVECTOR_DIVIDENDCASH143The amount of annual dividend which is paid to the policy owner in cash.
Dividends reinvested into contractVECTOR_DIVIDENDREINVEST148The amount of annual dividend reinvested directly into a contract's Cash Value. (For Interest Sensitive Participating policies; like par UL)
Dividends to accumulationVECTOR_DIVIDENDACCUM146The amount of annual dividend applied to an Accumulate dividend option.
Dividends to premium deposit fundVECTOR_DIVIDENDPDF89The amount of annual dividend applied to the premium deposit fund
Dividends to purchase paid up additionsVECTOR_DIVIDENDPUA142The amount of annual dividend used to purchase Paid Up Additions.
Dividends to reduce loansVECTOR_DIVIDENDLOAN147The amount of annual dividend applied to reduce loans
Dividends to reduce paymentVECTOR_DIVIDENDPMTRED144The amount of annual dividend used to reduce "Scheduled Annualized Premium"
Economic Benefit ValueVECTOR_ECONOMICBENEFIT87Vendor's interpreted value of the 2001 rate table.
Equivalent Level PayoutVECTOR_PAYOUTLEVEL302Equivalent Level Payout
Expense DeductionVECTOR_EXPENSEDED122Annualized amount deducted from the account value for per policy fees and per 1000 expense fees
Extended term insurance monthsVECTOR_ETIMONTHS131Extended Term Insurance Months Remaining
Extended term insurance yearsVECTOR_ETIYRS130Extended Term Insurance Years Remaining
Force OutVECTOR_FORCEOUT25(U.S. Only) §7702 required return of overfunded values
Fund portfolio chargeVECTOR_FUNDCHG125Vector of percentages of the fund portfolio charge each policy year. This is typically based on a weighted average of the individual fund fees from a portfolio of funds a user has selected upon input (or could just be an aggregate portfolio charge). This is typically used in the determination of a net interest rate from a gross interest rate. This field only typically applies to variable products (i.e. VUL).
Gross account valueVECTOR_GROSSACCTVALUE81Gross value of all coverages (including base)
Gross commission amountVECTOR_GROSSCOMMAMT112Gross amount of commission to be paid
Gross death benefitVECTOR_DEATHBENEFITGROSS75sums of coverage death benefits (including base coverage) + any unallocated dividends
Gross interest amountVECTOR_GROSSINTMAT109Gross amount of interest needed to be paid
Gross interest rateVECTOR_GROSSINTRATE108A vector of the Gross Interest Rate(s) used by a Variable Interest Sensitive Engine. For Non-Variable products; it is the same as the net interest rate.
Gross PaymentVECTOR_GROSSPMT10Scheduled Payment + lump sum+ Loan Repayment + Loan Interest out of pocket (without taxes)
Guideline level premiumVECTOR_GUIDELINELEVELPREM1002USA guidelines
Guideline single premiumVECTOR_GUIDELINESINGLEPREM1001USA guidelines
Interest earned on impaired fundsVECTOR_INTEARNEDIMPAIRED110Annualized interest credited to the loaned portion of account value
Interest earned on non-impaired fundsVECTOR_INTEARNEDNONIMP111Annualized interest credited to the unloaned portion of account value
Joint Insured attained ageVECTOR_JOINT_ATTAINED_AGE155The attained age of the joint insured (if present) as of the time of the illustration.
Loan balance end of yearVECTOR_LOANBAL37The total; end of year; outstanding policy loan. Includes accrued interest if interest is in arrears
Loan charge rateVECTOR_LOANCHGRATE127Rate used to calculate loan charge
Loan in cashVECTOR_LOANCASH31The annual loan amount which is paid to the policy owner in cash
Loan interest capitalizedVECTOR_LOANINTCAP34The amount of loan interest which is paid by additional Policy Loan.
Loan interest paid out of pocketVECTOR_LOANINTPAID33The amount of loan interest which is paid by the policy owner in cash
Loan repaymentVECTOR_LOANREPAY38Repayment of loan principal
Loan to reduce premiumVECTOR_LOANPREM32The amount of loan which is used to reduce "Scheduled Annualized Premium".
Lump SumVECTOR_LUMPSUM6A vector of the premium payments made to an attached Cash Value Rider and/or optional premium payments made to the contract
Lump sum payoutVECTOR_LUMPSUMPAYOUT307The amount of the cash surrender value that may be paid out as a lump sum.
Maximum loanVECTOR_LOANMAX39Maximum loan that can be taken based on administrative rules of contract.
Maximum WithdrawalVECTOR_MAXWITH24The maximum amount that can be withdrawn based on administrative rules of contract.
Max Preferred LoanVECTOR_LOANMAXPREF54
Minimum annualized premiumVECTOR_MINPREM9Minimum premium as defined by the carrier's administration rules.
Mortality and expense chargeVECTOR_MORTANDEXPENSECHG121Vector of percentages of the mortality and expense (M&E) charge each policy year. This is typically used in the determination of a net interest rate from a gross interest rate. This field only typically applies to variable products (i.e. VUL).
Negative Cash Value AgeVECTOR_NEGATIVE_CV_AGE113Contains the attained age of the primary insured at which the projection based on guaranteed values results in a negative cash values
Negative Cash Value DurationVECTOR_NEGATIVE_CV_DUR114Contains the policy duration at which the projection based on guaranteed values results in a negative cash value.
Net account valueVECTOR_NETACCTVALUE82Net Account Value = Gross Account Value - Total Loan
Net Amount at RiskVECTOR_NETAMTRISK133Net amount at risk defined by carrier
Net Death Benefit -VECTOR_DEATHEBENEFITNET76The Net Death Benefit provided by the contract to the base insured(s). Gross Death Benefit - Total Loan
Net distributionVECTOR_DETDISTRIB51Net Distribution = Loan in cash + Surrender in Cash + Force-outs + dividends in cash - loan repayments.
Net interest rateVECTOR_NETINTRATE107A vector of the Net Interest Rate(s) used by an Interest Sensitive Engine. For Non-Variable products; this item would represent the Interest Rate(s) used; if applicable. Note: In the rare case of a multi-fund variable illustration; the engine will report a blended interest rate.
Net Loan ChargeVECTOR_LOANCHGNET53The amount of interest charged to the outstanding policy loans less the interest credited to the policy value securing these loans.
Net PaymentVECTOR_NETPMT11Gross Payment - Dividend Offset Payment - Loan Offset Payment - Surrender Offset Payment (without taxes)
OtherOLI_OTHER2147483647
OYT OptionVECTOR_OYTOPT153Typecodes that correspond to OLifE set
Paid PremiumsVECTOR_PAIDPREMIUM91Total actual premiums paid into the contract including lump sum and 1035 amounts.
Policy yearVECTOR_POLICYYEAR101Policy Year
Premium LoadVECTOR_PREMLOAD12Annualized amount deducted modally from premiums paid for percent of premium load
Primary Insured's attained age.VECTOR_PRIMARY_ATTAINED_AGE154The attained age of the only or the primary insured as of the time of the illustration.
Rate of Return on After Tax Death BenefitVECTOR_IRR_ATAXDEATHBEN306The before tax interest rate required for the outlay in VECTOR_AFTERTAXOUT (net outlay before tax) year by year to achieve the year by year values in VECTOR_AFTERTAXDEATHBEN (after tax net death benefit).
Rate of Return on After Tax Surrender ValueVECTOR_IRR_ATAXSURRVAL305The before tax interest rate required for the outlay in VECTOR_AFTERTAXOUT (net outlay after tax) year by year to achieve the year by year values in VECTOR_AFTERTAXCASHVALUE (after tax net surrender value).
Rate of Return on Before Tax Death BenefitVECTOR_IRR_BTAXDEATHBEN304The before tax interest rate required for the outlay in VECTOR_BEFORETAXOUTLAY (net outlay before tax) year by year to achieve the year by year values in VECTOR_DEATHBENEFITNET (before tax net death benefit).
Rate of Return on Before Tax Surrender ValueVECTOR_IRR_BTAXSURRVAL303The before tax interest rate required for the outlay in VECTOR_BEFORETAXOUTLAY (net outlay before tax) year by year to achieve the year by year values in VECTOR_CASHVALUE (before tax surrender value - net of loan).
Reduced annuitizationVECTOR_REDUCEDANNUITY134The income amount that can be purchased with the balance of the illustrated cash surrender value AFTER reducing it by the LumpSumPayout. The frequency of this illustrated annuity income is defined by ResultBasis.PayoutMode.
Reduced paid up amountVECTOR_RPUAMT129Reduced Paid Up Amount - Amount of reduced death benefit if you were to switch to reduce paid up during that year
Rider DeductionVECTOR_RDIERDED124Annualized amount deducted from the account value for all rider charges
Rider Premium (Annualized)VECTOR_RIDERPREM3Generally only applicable to a Fixed Premium Contract; this is a vector of fixed rider costs; including the substandard costs of those riders; but excluding any payments made to an attached Cash Value Rider. Cash Value Rider premiums are reported in "Lump Sum". Flexible Premium Contracts can complete this item. However; given the fact that many Flexible Premium Contracts rider costs are based on at risk amounts; this value may be difficult to recover. Also; given that there has been no significant marketing demand to invoke the Advanced Market features; which are dependent on this item; Flexible Premium Contracts generally would return an empty vector for this item.
Scheduled Modal PayoutVECTOR_PAYOUTMODAL301Computed Payout amount.
Scheduled Modal PremiumVECTOR_SCHEDMODALPREM5Same as above except it is modal instead of annualized
Scheduled PaymentVECTOR_SCHEDPMT4Scheduled Payment = Substandard Base Premium + Base Premium + Rider Premium A vector of contractual premium funded. These premiums do not reflect the premium payments made to a Cash Value Rider or as an Optional Premium Payment (these premiums would be specified in "Lump Sum Payment"; or the action of Dividend Options; or Premium Suspension ("N-Pay") Plans.
Seven pay premiumVECTOR_SEVENPAYPREM1003USA guidelines
Substandard Base Premium (annualized)VECTOR_BASEPREMSUB2Generally only applicable to a Fixed Premium Contract; this vector contains the substandard cost applicable to the base coverage. (Substandard cost(s) attributable to riders are reported in "Rider Annualized Premium") Flexible Premium Contracts can complete this item. However; given the fact that Flexible Premium Contracts substandard costs are generally based on modifications to mortality costs and/or based on at risk amounts; this value may be difficult to recover. Also; given that there has been no significant marketing demand to invoke the Advanced Market features; which are dependent on this item; Flexible Premium Contracts generally would return an empty vector for this item.
Surrender chargeVECTOR_SURRCHG106The surrender charge applicable
Surrender to reduce premiumVECTOR_SURREDPREM22The amount which is used to reduce "Scheduled Premium".
TAMRA 7-PAY premiumVECTOR_7PP_NONCOMP_AMT1005The amount of premiums in excess of the TAMRA 7-pay premium limit.
Target annualized PremiumVECTOR_TARGETPREM8Target premium as defined by the carrier's administration rules.
Taxable death benefitVECTOR_DEATHBENTAXABLE72Taxable portion of the death benefit.
Taxable portion if surrenderVECTOR_TAXABLEPROTION84Taxable portion if surrendered. Amount calculated assumes that entire Cash Surrender Value is surrendered at end of year. U.S. Interpretation: the amount to be reported to the IRS can be bigger than surrender value if there was a large loan or the policy lapsed.
Tax dueVECTOR_TAXDUE63Tax due on Total Taxable Amount plus this includes penalties. It will include previous year's 2-year U.S. look back distribution penalties. If a penalty has been applied; it becomes part of the "basis" for the next year's calculation. When the tax is calculated the policy tax bracket is applied. n non-U.S. jurisdictions; this vector is defined as the estimated tax due
Tax due if surrenderedVECTOR_TAXDUE_SUR85Tax due if surrender; including any penalties. Assumes entire Cash Surrender Value is taken at end of year.
Tax on death benefitVECTOR_TAXDEATHBENEFIT73Tax to be paid on death benefit. In non-U.S. jurisdictions; the tax due upon payment of the death benefit to the beneficiaries
Tax Reserve ValueVECTOR_TAXRESERVE88Actual Tax Reserve Value of the policy in a given year.
Terminal dividendsVECTOR_DIVIDENDTERM151Annual terminal dividends. Also known as settlement dividends. These dividends are paid in the event that a policy terminates by maturity; death; or surrender. In most cases; such dividends are payable only if the policy has been in force for a minimum length of time.
Total Accumulated PremiumsVECTOR_REMAIN_YEARS_PREM43Total accumulated premium for all remaining years.
Total base face amountVECTOR_BASEFACEAMT104Base Policy Face Amount - values returned will reflect any increase/decrease in the specified amount for each vector.
Total First Year PremiumVECTOR_FIRSTYEAR_TOTPREM42Total accumulated first year premium
Total loanVECTOR_LOANTOT36Total annual loan taken this year = Loan in Cash + Loan to Reduce Premium + Loan Interest Capitalized
Total loan interest dueVECTOR_LOANINTDUE35Loan Interest due = Loan Interest Paid out of pocket + Loan Interest Capitalized
Total taxable amountVECTOR_TAXAMT62The taxable portion on each years total withdrawals and loans along with taxable portion of dividends; dividends accums; Side Fund NOT including any information with regard to penalty amounts This vector is included in consideration of the NAIC regulations in the U.S.
Total WithdrawalVECTOR_TOTWITH23Total Withdrawal = Withdrawal + Surrender to Reduce Premium The Surrender of values taken from all policy elements; for all purposes
UnknownOLI_UNKNOWN0
WithdrawalVECTOR_WITHDRAW21The annual withdrawal amount that is paid to the policy owner in cash before tax net of withdrawal fees. Excludes force-outs in U.S.
Withdrawal ChargeVECTOR_WITHCHG26Charge/fees for a partial surrender