Components for Coverage (B0400-B0480)#
The following group of benefit components is available for determining the coverage amount for a benefit plan. A coverage amount is normally used for Life, Accidental Death and Dismemberment, and Pension type plans but may be used when it is deemed necessary to calculate a premium.
In order to calculate the premium for this plan is a coverage amount needed?#
Yes Go to B0400
No Go to B0500
| B0400 | Coverage Calculation Method |
| B0410 | Coverage Factor {optional} |
| B0420 | Coverage Amount (before caps) |
| B0430 | Minimum Cap Rule {optional} |
| B0440 | Maximum Cap Rule {optional} |
| B0450 | Round Coverage {optional} |
| B0460 | Benefit Reduction Percentage {optional} |
| B0470 | Coverage Amount |
| B0480 | Group Term Life Coverage Total (for U.S. installations only) {optional} |
