Face Amount Type

Select the face amount type from the drop-down list. Some options are mutually exclusive and/or must comply with Premium and Distribution rules.

• Specify Amount – Enter the desired amount in the Face Amount field.
• Based on Minimum Premium – Based on the initial specified premium amount entered, the system will solve for the initial face amount so the minimum premium is equal to the premium amount entered.
• Based on Target Premium – Based on the initial specified premium amount entered, the system will solve for a face amount so the target premium is equal to the specified premium amount entered.