Policy Increases

Policy Increases

A Policy Increase is an addition to an existing policy with a separate premium, effective date, and commission.  An example of a Policy Increase is an automatic increase in benefit to an individual disability policy.  A new commission is paid on the increase in premium.  A Policy Increase should only be added if it pays a separate commission from the base policy in the commission statement.

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Add

  1. Go to the Main Menu.
  2. Click Policies.
  3. Click a policy number.
  4. Click Policy Increases.
  5. Click ADD POLICY INCREASE.
  6. Confirm the comp plan.  The default plan is the same as the base policy.
  7. Enter the premium.
  8. Enter the Effective Date.  This field is required to match a commission to the policy increase.
  9. Click SAVE & RETURN.

Edit

  1. Go to the Main Menu.
  2. Click Policies.
  3. Click a policy number.
  4. Click the Policy Increase tab.
  5. Click the Policy Increase name.
  6. Make changes.
  7. Click SAVE & RETURN.

Delete

  1. Go to the Main Menu.
  2. Click Policies.
  3. Click a policy number.
  4. Click the Policy Increases tab.
  5. Click the box next to the Policy Increases to delete.
  6. Click the delete icon .
  7. Click CONTINUE.

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