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Set Maximum Coverage based on annual earnings or Max Amt?

Received Response
edited Mar 1, 2021 8:17PM in Benefits 12 comments


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.


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