Ability to restrict option electability
SummaryHow to restrict employee from enrolling into a guaranteed issue option level?
We have a Supplement life insurance plan with options - Guaranteed issue amount, 1X, 2X, 3X, 4X and 5X. The requirement is to configure 'Guaranteed issue amount' option in a way that it should NOT be available for emps to elect into. This option should be only used to assign as an interim coverage for new hire (if EOI is required) or regular coverage if the EOI is rejected (and this option was interim coverage earlier).
Also, we do not want to change the plan option structure if possible.