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Original Allocation Section On Verification Screen Shows Incorrect Fund Information (Doc ID 2318083.1)

Last updated on OCTOBER 16, 2017

Applies to:

Oracle Insurance Policy Administration J2EE - Version and later
Information in this document applies to any platform.


On : version, General

Original Allocation section on Verification screen shows incorrect fund information

1. ARB Transfer
The Fund Allocations Section for ARBTransfer in V10 shows all future allocated funds as -100 percent. In V7, it shows correctly with the correct future allocations of each fund.

Verification screen shows incorrect percentages of funds
When I made an Exchange to 2 funds diving 70 and 30 percent, it shows 100% in v10.
Please see the screenshots for details.

3. Withdrawal
On Withdrawals, the Fund Allocation Section on Withdrawal Verification Screen isn't displaying correctly in the following scenarios:
a. Withdrawal Method = % of Contract Value
Fund Allocation is currently showing Allocation Method = Percent and Allocations = 100% (I think this is what it defaults to if the Request Method is Prorata in V10 although it is misleading). If Prorata is selected in V7, then the Allocations Section would be blank Mike Gaudett is that the preferred behavior in V10 as well?
screenshot attached
b. Withdrawal Method = Units
Fund Allocation is currently showing Allocation Method = Units but the units entered is not displaying in the Allocations Section
screenshot attached
c. If your Request Method is Fund-Specific and you enter your fund specific Allocations on the Allocation Tab, go back to the Details Tab, switch to a pro-rata request method and click verify, the Fund Allocation Section still displays the Fund-Specific allocations you had originally entered.
Tried this on an FGGI, not sure if it is same behavior on other products.
Open Withdrawal, Withdrawal Method = PercentInFund
Allocations Tab, enter random PercentInFund Values for the funds listed
Go back to details tab, switch to a prorata Withdrawal Type (Ex: % of Contract Value)
Click Verify, in Fund Allocations Section you still see the PercentInFund Allocations you originally had chosen

When you process a mandatory Annuitization, we see Original Allocation section on Verification Screen, which should be removed.
You also see variable funds being removed in Fun


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