Enter a unique code to identify this coverage table.

Enter a description or name for the coverage table code.

After you select the button on the toolbar, enter up to 12 digits, plus up to two digits to the right of the decimal, for the salary amount at which to start the range. You can enter an amount as large as $999,999,999,999.00. In the first row, this field must be 0.  Subsequent rows must equal the previous row's To Salary + .01. For example, for the salary range 0.00 - 14,999.99, you enter 0.00 in this field on the first row. In the second row, this field will be 15000.00.

Enter up to 12 digits, plus up to two digits to the right of the decimal, for the salary amount at which the range ends. This value must be equal to or greater than the value in the From Salary field. For example, for the salary range 0.00 - 14,999.99, you enter 14999.99.

From the drop-down list, select the calculation method option. Valid options are:

• Amount
• Factor

Select Factor to indicate that coverage will be calculated by multiplying the employee's salary by the factor that is entered in the Coverage field. Enter Amount if you want the amount that is entered in the Coverage field to be the actual coverage amount.

Enter up to 12 digits, plus up to two digits to the right of the decimal, for the amount of coverage for an employee in this salary bracket. You can enter an amount as large as $999,999,999,999.00. However, if this value represents a factor, it cannot exceed 100.00.

If your company offers life insurance at different coverage amounts, based on the salaries of the employees, you could set up a table similar to the one below:

According to this table, employees who earn up to $14,999.99 per year receive five times their annual salary in life insurance coverage. Employees who earn between $15,000.00 and $29,999.99 receive four times their annual salary in life insurance coverage, and so on. Annual salary calculations are controlled by the option selected in the Salary Calculation Method group box on the Coverage Options subtask of the Manage Benefit Plans screen.