IGR - Current Guaranteed Income Base Amount- Roll-Up IGS - Current Guaranteed Income Base Amount- Step-Up IMW - Current Guaranteed Monthly Withdrawal Amount WPN - Current Protected Payment Base Amount - Non-Declining WPD - Current Protected Payment Base Amount Declining – WAN - Current Protected Payment Amount - Non-Lifetime WAL - Current Protected Payment Amount Lifetime – TAN - Total Annual Protected Payment Amount - Non-Lifetime TAL - Total Annual Protected Payment Amount - Lifetime These descriptions can also be found on the draft record layout. IPS00483 POV Add Contract Value Qualifiers (Optional) – – Symetra is implementing an Enhanced Death Benefit rider. When this rider is sold on a contract with a Joint Annuitant, the clients may choose the Covered Life for the Enhanced Death Benefit. In this type of sale, depending upon which Annuitant dies, the Enhanced Death Benefit may apply. Add new codes to Contract Value Qualifier Code List#3102 ADB Death Benefit Annuitant Dies – JDB Death Benefit Joint Annuitant Dies – These values will be provided if the contract has multiple annuitants, and if the death benefit value varies depending upon which annuitant dies. IPS00486 POV Increase Contract Event Looping (Optional) – – The Contract Event Record currently has a limit of 2 occurrences per contract and can hold max of 5 events in each record. Only 10 events can be sent in the position file for a contract. SunAmerica has instances when they receive more than 10 checks (contributions) for specific contracts on the same day. The current limit of reporting contributions in 1307 record is 10. If more than 10 contribution data sent in the 1307 record it gets rejected with the reject code limit ‘Loop exceeded’. Also in case of reverse and reprocess scenario when the policy has more than 10 financial transactions then this limit can be easily reached. Increase the looping of the Contract Event Record 13/07 from 2 occurrences per contract to 9 occurrences per contract.
IGR - Current Guaranteed Income Base Amount- Roll-Up IGS - Current Guaranteed Income Base Amount- Step-Up IMW - Current Guaranteed Monthly Withdrawal Amount WPN - Current Protected Payment Base Amount - Non-Declining WPD - Current Protected Payment Base Amount – Declining WAN - Current Protected Payment Amount - Non-Lifetime WAL - Current Protected Payment Amount – Lifetime TAN - Total Annual Protected Payment Amount - Non-Lifetime TAL - Total Annual Protected Payment Amount - Lifetime These descriptions can also be found on the draft record layout. IPS00483 – POV – Add Contract Value Qualifiers (Optional) Symetra is implementing an Enhanced Death Benefit rider. When this rider is sold on a contract with a Joint Annuitant, the clients may choose the Covered Life for the Enhanced Death Benefit. In this type of sale, depending upon which Annuitant dies, the Enhanced Death Benefit may apply. Add new codes to Contract Value Qualifier Code List#3102 ADB – Death Benefit Annuitant Dies JDB – Death Benefit Joint Annuitant Dies These values will be provided if the contract has multiple annuitants, and if the death benefit value varies depending upon which annuitant dies. IPS00486 – POV – Increase Contract Event Looping (Optional) The Contract Event Record currently has a limit of 2 occurrences per contract and can hold max of 5 events in each record. Only 10 events can be sent in the position file for a contract. SunAmerica has instances when they receive more than 10 checks (contributions) for specific contracts on the same day. The current limit of reporting contributions in 1307 record is 10. If more than 10 contribution data sent in the 1307 record it gets rejected with the reject code ‘Loop limit exceeded’. Also in case of reverse and reprocess scenario when the policy has more than 10 financial transactions then this limit can be easily reached. Increase the looping of the Contract Event Record 13/07 from 2 occurrences per contract to 9 occurrences per contract.
2015_March_Enhancement_Release_Requirements_Spec_v0_1.docx