Beneficiary Contingent Split Validator

Validate caller actual primary/contingent allocation tiers independently, each 10000 bps, not adding alternatives together; no beneficiary validity, per stirpes, survivorship or estate advice.

Description

Primary and contingent beneficiary tiers are alternatives.

Primary and contingent beneficiary tiers are alternatives. Each tier should allocate its own complete 10000-basis-point share.^[1]

The returned values include Primary split basis points total, Contingent split basis points total, Each independent tier allocates exactly all. The How section below explains the calculation, input rules and interpretation.

When to use Beneficiary Contingent Split Validator

Use Beneficiary Contingent Split Validator when you need to evaluate the supplied records under the calculation and evidence rules below. No beneficiary legal validity, per-stirpes, survivorship or estate advice is supplied.

Prepare the observed policy, claim or quote evidence and independently verified policy tables. Monetary fields use integer minor units in one currency: for a currency with 100 minor units per major unit, enter 12345 for 123.45. One basis point is 0.01 percentage points, so 10000 basis points represents 100%.

How to use Beneficiary Contingent Split Validator and understand its results

Prepare the observed policy, claim or quote evidence and independently verified policy tables. Monetary fields use integer minor units in one currency: for a currency with 100 minor units per major unit, enter 12345 for 123.45. One basis point is 0.01 percentage points, so 10000 basis points represents 100%.
Enter primaryBeneficiaryIds, primaryBeneficiaryBasisPoints, contingentBeneficiaryIds, contingentBeneficiaryBasisPoints using the field table and calculation rules, then run the tool.
Read primarySplitBasisPointsTotal, contingentSplitBasisPointsTotal, eachIndependentTierAllocatesExactlyAll. The explanation below defines the units, signs, ordering and any flags or placeholder values.
If the tool reports an input issue, correct the values and run it again. Apply the stated assumptions when interpreting a successfully returned result.

Input field	Meaning	Value type; see rules below	Requirement
primaryBeneficiaryIds	Primary beneficiary ids	list of string	Required
primaryBeneficiaryBasisPoints	Primary beneficiary basis points	list of number	Required
contingentBeneficiaryIds	Contingent beneficiary ids	list of string	Required
contingentBeneficiaryBasisPoints	Contingent beneficiary basis points	list of number	Required

Enter aligned nonempty unique nonblank IDs and integer shares 0–10000 separately for each tier. Uniqueness applies within each tier; an ID may occur in both. Return totals and their joint exact-allocation flag. Incorrect totals return false rather than an input error.

primaryTotal=sum(primaryBps); contingentTotal=sum(contingentBps); valid=bothTotalsExactly10000

Units, indexing, boundary conditions and exceptional cases are defined in the calculation rules above.

Output field	Meaning	Value type
primarySplitBasisPointsTotal	Primary split basis points total	number
contingentSplitBasisPointsTotal	Contingent split basis points total	number
eachIndependentTierAllocatesExactlyAll	Each independent tier allocates exactly all	boolean

json

{
  "input": {
    "primaryBeneficiaryIds": [
      "a",
      "b"
    ],
    "primaryBeneficiaryBasisPoints": [
      6000,
      4000
    ],
    "contingentBeneficiaryIds": [
      "c"
    ],
    "contingentBeneficiaryBasisPoints": [
      10000
    ]
  },
  "output": {
    "primarySplitBasisPointsTotal": 10000,
    "contingentSplitBasisPointsTotal": 10000,
    "eachIndependentTierAllocatesExactlyAll": true
  }
}

Limitations and assumptions

No beneficiary legal validity, per-stirpes, survivorship or estate advice is supplied.

Numeric inputs, where present, must be finite. Follow the calculation-specific rules for overflow, underflow and exceptional cases. Numeric lists are limited to 10,000 entries; string lists to 128 strings of at most 128 characters each. The rules above may impose smaller limits. Missing required fields, extra fields, wrong value types and violations of the calculation rules are input errors. A successfully returned false flag is an evaluated outcome; its meaning is explained above.

Alternative or Complementary methods

Use Insurable Interest Relationship Checker: An insurable-interest evidence map associates a relationship class with required proof. A document-presence check cannot establish the underlying legal interest. For a complementary task, use DIME Formula Need Components Calculator: DIME inventories debt, income replacement, mortgage and education separately. Mutually exclusive entries prevent double-counting the mortgage.

References

Beneficiary Contingent Split Validator — tool.io

Similar or alternative tools

Insurable Interest Relationship Checker
An insurable-interest evidence map associates a relationship class with required proof. A document-presence check cannot establish the underlying legal interest.
DIME Formula Need Components Calculator
DIME inventories debt, income replacement, mortgage and education separately. Mutually exclusive entries prevent double-counting the mortgage.