Compensation and Benefits - EBS (MOSC)

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OAB - How does one set up a voluntary life insurance plan with reduced benefit at age 70?

edited Nov 10, 2014 2:07PM in Compensation and Benefits - EBS (MOSC) 3 commentsAnswered

Our Benefits Team requires that our VGTL plan for employees reduces the coverage to 65% of current benefit amount at age 70. A second reduction is required at age 75. How would one set up a plan to accomplish this function? Are new plans needed?

Any help or advise will be appreciated.

Thanks,

Sande

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