Oracle® Insurance Policy Administration 9.4.1.0 E23637_01

# Flat Extra

If an individual does not meet health or other qualifications, insurance can be rated. The flat extra premium method of rating the life insurance policy charges an extra flat dollar amount per $1,000 of policy value.

Add a flat extra segment to a policy by selecting Add Segments on the Secondary menu.

Note: A Base Coverage segment must already exist on the policy before flat extra can be added.

## Required Fields for Flat Extra Segment

- Duration in Years: Enter the number of years to apply the flat extra.

- Flat Extra Amount: Enter the amount to apply as the flat extra. This is a flat dollar amount per $1,000 of policy value.

If the Flat Extra is permanent, then check the box next to the Permanent Flat Extra option.

Required Fields on Flat Extra Segment

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