Mode Change

The Mode Change activity provides a way to change the payment schedule and payment method.  To add this activity, open the term policy and select Add Activity from the Secondary menu.  

Add Activity Link on Policy Screen

Select the Mode Change activity from the activity drop down box and set the new payment mode and method then click OK.  The activity will display on the Activity screen.  Click the lightning bolt icon to process the activity.

If the payment method is changing from Direct Bill to EFT, then COIPayment and Billing activities with effective dates later than the Mode Change activity will be deleted.  Then BankDraftStart and BillingStop will be spawned.

If the payment method is changing from EFT to Direct Bill, then COIPayment and Bank Draft activities with effective dates later than the Mode Change activity will be deleted.  Then BillingStart and BankDraftStop will be spawned.  

Add Activity Window with CalculateCommission Activity Selected