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    How Do Others Handle Complicated Enrollments For Life Insurance

    Hi,

    The client I am at has some rather complex rules around their life insurance other than adding multiple plans and moving employees in and out of plans I am just curious to see if others have this issue and how they are handling.

    Basic Live and AD&D - employer paid

    2 Times 2017 compensation to a maximum of the lessor of 2 times pay or 1.5M

    Evidence of Insurability the lessor of 1.5M and 2 times pay

    Age reduction starting at age 70 (35%), 75 (55%), 80 (70%), 85 (85%)

    And if you live in FL, minimum coverage $100K

    Supplemental Life - Employee

    1x-7x times 2017 compensation of the lessor 7 times pay or 1.5M

    Evidence of Insurability $300,000

    There are smoker and non smoker rates

    Supplemental Life - Spouse

    $25,000 increments to a maximum of $250,000 not to exceed 50% of employee's Optional Life Benefit

    Supplemental AD&D

    Employee Only

    Family

    1x-7x times 2017 compensation of the lessor 7 times pay or 1.5M

    The Life Insurance Salary field is used for the 2017 compensation

    Life Insurance Salary 2 field is used for 2016 compensation

    The Spouse Life field was used for capped insurance those employee's exceeding $1.5M, Age Reduction or the $300 while awaiting EOI.

    Other than having a separate plan or option and having to enroll/unenroll these exceptions has anybody come up with anything more efficient?

    Thanks!

    Kathy

     
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