Supplemental Life Plans - Interim Rule is variable on prior election
SummarySupplemental Life Plans - Interim Rule is variable on prior election
I have a real simple client requirement:
Supplemental EE Life = 150K up to 500K on any life event.
Supplemental SP Life = 25K up to 250K on any life event.
My certification set up seems accurate, but there is not one interim rule that works amongst all scenarios as per below:
The interim coverage is really baring on what the prior election is (either below or above GI), and I cannot find where any of the delivered interim rules accomplish that to cover all scenarios below.
Has anyone else had this requirement? What did you do for set up? If you used an interim formula, do you have an example of the formula? If you cannot share the formula, what is the formula type?