Dependent Life Contributions
Currently we offer dependent life using a flat rate contribution table and it covers spouse and children. We are looking at calculating dependent life for spouse base on an age calculation rather than a flat rate.
If your company offers dependent life, how are the contribution records defined? (Separate rate for spouse vs. children or one standard rate)
If you offer age rated spouse dependent life insurance, do you use the spouse’s age or employee’s age for the rate?
If using spouse's age, how do you track the spouse's age? Through the dependent screen?
Any information offered is appreciated!