Rename Benefit Life event

Summary:

I have a requirement to Rename the Benefit Life Event , I can see Oracle allow to rename but I am wondering about the Impact.
Please let me know if this is ok to rename

1. Look for Fast formula if there is any custom logic have with the Name and than Replace with the New Name
2. Look for BI Reports / Analysis if there is any logic use Life Event Name
3. Value set

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