How to Setup Group Term Life outside of Benefit Module

Summary:

How to calculate GTL outside of Benefit Module.

Content (required):

• If we are not using the Benefit Module what setup options do we have? Would a possibility be through Fast Formulas that feed into a Payroll element for each employee for Group Term Life and be calculated and run each pay-period? 
• Our organization is raising the basic group time offering to where it will be the greater of $50,000 or 1x slary. 
• Can the payroll system handle calculating this as imputed income? 

Version (include the version you are using, if applicable): 23B

Code Snippet (add any code snippets that support your topic, if applicable):