GrossFullWithdrawal
The GrossFullWithdrawal Assignment type, located in the transaction XML, is similar to PartialWithdrawal, but the charges are applied within the removal amount.
Type= GrossFullWithdrawal | ||
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Allocations needed? |
No |
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Attributes |
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. |
MVACHARGE |
Yes, No, or a field that holds Yes or No. Indicates whether there is an MVA Charge. |
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MVAMONEYTYPE |
The MVA money type. |
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REDEMPTIONFEE |
Yes or No. Indicates whether there is a Redemption Fee. |
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REDEMPTIONMONEYTYPE |
The Redemption Fee money type. |
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FUNDOVERFLOWMONEYTYPE | Specifies the money type code of the fund overflow. | |
BUCKET |
The bucket for the EIFund. Must be an integer value. |
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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. |
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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. |
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Used when |
Total Money-out |
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Examples |
FreeLook |
XML Example
<Assignment TYPE="GrossFullWithdrawal"FUNDOVERFLOWMONEYTYPE="16" >
<MoneyType NAME="DisbursementAmountRemoved">32</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>