Need help in Benefits - Coverage Upper Limit FF

Summary

Coverage Limit Fast Formula not Reducing Enrollment

Content

Hi All,

The client has Age related coverage reductions for Voluntary Life. The coverage is set up as 10k-1M in increments of 10k. The employee should receive a 35% reduction at age 65 and a 50% reduction at age 70. How do we do an age reduction for a plan that has a coverage flat range?

Age reduction: If an employee elects 100k in life coverage –

When they turn 65: the upper limit must be 65k (65%)

When they turn 70: the upper limit must be 50k (50%)

For this I have written below 'Coverage Upper Limit' fast formula and attached it to Benefits coverage> High limit value formula field. But it is not working as expected. Does any have any inputs on this.