Supplemental Life Age Coverage Reduction for Plan with Coverage Specified at the Employee Level
(Doc ID 2868958.1)
Last updated on JULY 01, 2022
Applies to:PeopleSoft Enterprise HCM Benefits Administration - Version 9.2 to 9.2 [Release 9]
Information in this document applies to any platform.
Is there a way to set up age coverage reduction for a Life Plan with coverage specified at the employee level? The plan allows the employee to select coverage from $10,000 to $500,000 in $10,000 increments and should reduce by 50% when the employee reaches their 70th birthday.
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