| Contract Status | Exposure | Lapse | Identify Rates Separately |
| Cancelled During ‘Free Look’ period | Exclude | Exclude | |
| | | | |
| In-Force | Include full period | Exclude | |
| | | | |
| Death or other risk claim leading to policy termination | Include to event | Exclude | |
| Expired | Include to event | Exclude | |
| Maturity | Include to event | Exclude | |
| | | | |
| Lapse without value | Include to event | Include | Yes |
| Surrendered with a payment made | Include to event | Include | Yes |
| Paid Up - Policyholder request | Include to event | Include | Yes |
| Paid Up - Lost contact with Policyholder | Include to event | Include | Yes |
| Conversion of product to type requiring no future premium payments | Include to event | Include | Yes |
| | | | |
| Premium Holiday | Include full period | Exclude | Yes |
| Policy Loan (if permitted) | Include full period | Exclude | Yes |
| Premium Decrement | Include full period | Exclude | Yes |
| Partial Surrender | Include full period | Exclude | Yes |
| Conversion of product to type requiring lower future premium payments | Include full period | Exclude | Yes |
| Waiver of Premium on Disability | Include to event | Exclude | |
