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AXIS Update Information
Update Summary: Other Benefit Definition - Payable On Lapse
Update Type: Enhancement
Version # : 12401001 (11 Feb 09)
Modules Affected: Regular Life , Universal Life , Par Products , Disability
Changes Results: No
GGY Job # 24725
Detailed Update Description
In the Regular Life, Universal Life, Participating Products and Disability modules, a new Benefit Definition "Pay on Lapse" has been added on the Other Benefit Assumptions screen. It permits other benefit to be paid upon the lapses and maturities that are defined for the policy.
 

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