Rounding on Voluntary Life

Rounding on Voluntary Life

We need the ability to round the VTL coverage to the nearest $500 or $1,000 (varies by carrier) in order for payroll deductions to be accurate in the system.

Ex. An employee's voluntary life reduces to $16,250 of coverage. We work with a carrier that will recognize the reduction, but round this amount up to $16,500 of Vol Life coverage.