Tracking child life insurance by increments of coverage

Our new life insurance plan allows the employee to purchase between $1,000 and $20,000 in increments of $1,000 for child life

• Munis
• Deduction and Benefit Master
• Employee Deductions
• Life Insurance

• Sites could track this on a deduction using calc code 02 – Amount from Employee Deduction.  And enter the premium in the employee amount field in Employee Deductions.
• Or sites could track this on a deduction using calc code 19 – Life Insurance.  Assign a life table to the deduction.  And enter the coverage amount in the Employee Ann. Salary field on the Insurance tab in Employee Deductions.