Usually a coverage will be Active or Pending.  However there are other status that exist.

Examples of Coverage Status

Active

Annuity Payment

Awaiting Reinstatement

Lapsed

Lapsed To Term Insurance

Pending

Not Taken

Several of the Coverage Status rows are not Editable by users.  This is because they are standards which may be used in downloads by Home Offices.

Note: The status field has no effect on Viewing Terminated Policies.  When a policy is terminated, you must also fill in the Termination Date.  The Status plus the Termination Date will give a good picture of what happened on the Termination Date.  For example, Status = Converted, Termination Date = 1/28/14 would mean the term policy was converted on 1/28/2014.