Voluntary Life - Increments above GI for Renewal Year
In year 2 if a Vol Life plans allows employees to purchase additional coverage w/o EOI employees who were approved for an amount above GI are prompted to submit EOI even if they are purchasing an amount allowed by the plan.
Add another "Additional GI Setting" to waive EOI for employees approved for amounts above plan GI when additional coverage can be purchased. This needs to be a setting because some carriers require EOI in year 2 if over Plan GI and other carriers do no.
Example: Plan GI is 100K. Plan allows EEs to purchase additional increment after year 1 w/o EOI. I enrolled in 150K when first eligible and my EOI was approved. Next OE I should be able to elect 160K w/o EOI.