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}

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