Set Maximum Coverage based on annual earnings or Max Amt?
Is there a way to set the max coverage as 5 times the annual earnings instead of an amount?
The rule is 5 times the annual earning up to 500,000 whichever is less, in increments of $10K.
Secondly, the spouse can choose a maximum of 50% of whatever the Employee chooses.
So if Sue elects $100,000 in life insurance, Sue's spouse can only get a max of 50,000.
Possible? If so, how/where to configure.