Life Insurance Minimum Coverage $100k
Hello,
looking for ideas deals on how to setup life insurance with a minimum coverage amount of 100k, but you can also elect 1 to 7 Times pay with a 1.5M cap.
So for example if I make 56,000 a year a am guaranteed 100k if I elect 1 times my salary.
The LSAL, FSAL and spouse life amount are already used for other calculations. Does anybody have an idea how this can be handled other than manually, or entering it during enrollment?
Thanks,
Kathy