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How to automatically reduce an original life insurance coverage amount entered by the employee?
Summary: Is there a way to automatically reduce an original life insurance coverage amount that was entered by the employee?
Currently, employees' coverage amount is $40,000, at age 70 the amount should reduce 50% ($20,000). Then age 76, reduce to 65%.
Using the Age Changed LE to determine eligibility and continue enrollment.
Content (please ensure you mask any confidential information):
Version (include the version you are using, if applicable): 24A updating to 24B on May 18, 2024.
Code Snippet (add any code snippets that support your topic, if applicable):
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