Adding Segments

The Segment link from the Left Navigation menu allows segments such as coverages, extensions and riders to be added to a policy.

Policy Types and Corresponding Initial Segments

The first segment added to a policy varies depending on the type of policy. Policy types are listed below along with the corresponding initial segment that should be added when setting up the policy.

For a term life policy, the first segment that needs to be added is Base Coverage. This identifies the amount of insurance coverage included in the policy. Segments that represent a feature or a rider can also be added to the policy. To do this, follow the steps outlined below, selecting the rider from the drop down list.

For a variable annuity policy, the first segment that should be added is Deferred Annuity.

For a unit linked policy, the first segment that should be added is Base Coverage.

Note: Segments can only be deleted if the policy is in pending status. After the policy becomes active, segments cannot be deleted.

Segment link on the Secondary menu with drop down box of options

Base Coverage Segment Selected for a Term Policy

Steps to Add a Segment to a Policy

Search for the appropriate policy. Select the button to the right of the policy you want to work with.
Select Segment from the Left Navigation menu. The Segment screen will open.
Select Add Segment from the Secondary menu and click the type of segment to add. The type of segment selected will determine what fields appear on the Segment screen. Only those fields that pertain to the coverage type selected will be displayed.
Enter the information for the segment.
Select Calculate after the segment information is added.
Select the Save button.

Note: At least one segment must be assigned to the policy before activities can be processed.

Calcuate button highlighted on Segment screen

Calculate Link on Segment Screen

Steps to Delete a Segment

Open the policy that has the segment to delete.
Select the Segments option from the Left Navigation menu.
Select the trashcan icon to the right of the segment to delete.
Select the Save button.

Note: Segments can only be deleted on policies that have a status of pending.

Segement screen displaying base coverage segment and trash can icon

Segment on Pending Policy with Delete Option