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Reduce life insurance coverage amount by half for an employee turning 70 years old
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Hi All,
We have a requirement like, if employee is already enrolled in Life Insurance plan with some coverage amount($X) and turning 70 years today, then coverage amount should reduced by half i.e; $X/2
If employee is not enrolled previously and turning 70 today then employee should have an option to elect coverage in between $5000 and $500000.
Please provide your suggestions.
Regards,
Harish.
Version
21C
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