The Values Screen allows users to view and edit the relative value components of the selected optional benefit.
- Benefit Value (for Relative Value Determination): allows user to define the current lump sum value of the optional benefit for relative value comparison against the applicable base benefit.
- Function of Initial Benefit: choose this if the amount in the formula box is a factor to be multiplied by the initial amount payable.
- Separate Benefit Formula: choose this if the amount in the formula box is the current lump sum value of the optional benefit.
- Same as Initial Benefit: choose this if your benefit option is a lump sum.
- Relative Value Override Formula: if the relative value ratio needs to be overridden (rather than being calculated as described above), choose this option and then define this ratio. Enter a 1 if the benefit should be deemed the same in relative value as the applicable base benefit.
