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GrossFullWithdrawal

Description

The GrossFullWithdrawal Assignment type, located in the transaction XML, is similar to PartialWithdrawal, but the charges are applied within the removal amount.

Type	GrossFullWithdrawal
Allocations needed?	No
Parameters	EXCLUDEFUNDTYPES	Comma-separated list of fund types. Allows funds to be excluded from the allocations that are moving money into a fund, based on the type of fund.
	SURRENDERCHARGE	Yes, No, or a field that holds Yes or No. Whether or not a surrender charge is applied.
	SURRENDERMONEYTYPE	The type of money for the surrender charge.
	MVACHARGE	Yes, No, or a field that holds Yes or No. Indicates whether there is an MVA Charge.
	MVAMONEYTYPE	The MVA money type.
	REDEMPTIONFEE	Yes or No. Indicates whether there is a Redemption Fee.
	REDEMPTIONMONEYTYPE	The Redemption Fee money type.
	BUCKET	The bucket for the EIFund. Must be an integer value.
Element Value	One or more MoneyType tags that define the amount and type of money to be applied. The tags can have an attribute named NETFIELD.
Note: Assignment fields must be negative (removals). Allocation records are created by the system with PercentInAllocation set to the ratio of the fund value to the policy cash value %. This is similar to PartialWithdrawal, but the charges are applied within the removal amount.
Used when	Total Money-out
Examples	FreeLook

XML Example

<Assignment TYPE="GrossFullWithdrawal">

<MoneyType NAME="DisbursementAmountRemoved">32</MoneyType>

<MoneyType NAME="SurrenderChargeRemoved">07</MoneyType>

<MoneyType NAME="BonusRecapturedAmountRemoved">07</MoneyType>

<MoneyType NAME="PolicyContractFeeRemoved">43</MoneyType>

<MoneyType NAME="GMIBChargeDueRemoved">03</MoneyType>

<MoneyType NAME="GMABChargeDueRemoved">77</MoneyType>

<MoneyType NAME="GMDBChargeDueRemoved">95</MoneyType>

<MoneyType NAME="GMWBChargeDueRemoved">94</MoneyType>

</Assignment>