Protection Formula Codes

Formula CodeDescription
NoneNo coverage requested.
UnknownUnknown formula code.
SP_Gross_StandardSingle premium standard gross.
SP_Gross_AllLevelAsDecreasingSingle premium gross on each individual payment.
SP_Gross_DiscountedSingle premium discounted gross.
SP_Gross_RemPmtsSingle premium gross, sum of partial premiums computed on outstanding payments vis-a-vis actuarial net.
SP_Gross_LevelSingle premium gross using level life.
SP_Gross_Level_EachPmtSingle premium gross, each payment is covered with level life as if each were a single payment note.
SP_Gross_Level_AsDecreasingNot currently used.
SP_Gross_Level_RemPmtsSingle premium gross, balance at truncated term covered with level.
SP_Net_StandardSingle premium standard net.
SP_Net_DiscountedSingle premium discounted net.
SP_Net_StraightLineSingle premium straight-line net.
SP_Net_MainTruncationSingle premium net, Maine truncation formula.
SP_Net_AmericanBankersSingle premium net, American Bankers formula.
SP_Net_PekinTruncationSingle premium net, Pekin insurance truncation formula.
SP_Net_WarmSpringsSingle premium net, Warm Springs formula.
SP_Net_StraightLine_AmerRepubSingle premium straight-line net, American Republic formula.
SP_Net_RemBalsSingle premium net, sum of partial premiums, each computed as rate times remaining balance.
SP_Net_LevelSingle premium net with level.
SP_Net_LevelAtCapSingle premium net, level at the cap.
MOB_NetStandard MOB net.
MOB_GrossStandard MOB gross.
MOB_BenefitStandard MOB on the benefit.
TrueMOB_NetTrue MOB net.
TrueMOB_GrossTrue MOB gross.
Ordinary_ExecTerm_ARSouthern Pioneer's Executive Term ordinary life product for Arkansas.
Ordinary_ProtectAllALProtective Life's (now a part of Life of the South) Protect-All ordinary life product for Alabama.
Ordinary_ProtectAll_GAProtect-All ordinary life product for Georgia.
Ordinary_ProtectAll_NCProtect-All ordinary life product for North Carolina.
Ordinary_ProtectAll_LAProtect-All ordinary life product for Louisiana.
Ordinary_ProtectAll_SCProtect-All ordinary life product for South Carolina.
Ordinary_Uniguard_TNUniguard ordinary life product for Tennessee.
CUNA_SP_Formula1TruStage's single premium formula #1.
CUNA_SP_Formula2TruStage's single premium formula #2.
CUNA_SP_Formula3TruStage's single premium formula #3.
CUNA_SP_Formula6TruStage's single premium formula #6.