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Policy Allocations

The different investment choices inside a policy are known as subaccounts. Subaccounts are usually mutual funds or fixed savings options. When establishing the policy, owners choose the subaccounts they want their premiums to be invested into each time a premium payment is made. These selections are called allocations.

Allocations can be set-up for specific types of policies. A default allocation is often used to hold premium until the policy reaches the Free Look or Cooling Period end date. Then the monies are directed to the specific allocations required by the product.

Open a policy and click the Allocations link on the Left Navigation menu to open the Allocations screen. Enter the following information for each type of allocation that applies to the policy.

Select the number of funds that will be used.
Select the Allocation method.
Click the Equal Amount/Percent checkbox if the money should be distributed equally between the funds.
Select the type of funds.
Enter the amount or percent to be directed to each fund if the Equal checkbox is not selected.

NOTE: Make sure to click the Allocation Save button to save the allocation settings.

future allocation fund selection and percent to direct to fund

Future Allocations section on Allocation Screen