We offer company-paid Life insurance for all of our partners. It is not a group policy. Each partner has an individual policy, separately underwritten, with different premiums. We currently do not track the premiums in Lawson - only the coverage amounts, because we have not found an efficient method for handling.
Lawson suggested setting up separate PR05's for each partner. However, this is not an option for us, because we track Partner Benefits in Company 1, but not Partner earnings (for confidentiality reasons, we are blocked from Partner pay).
Lawson also suggested setting up a separate plan as an FSA to track individual premiums. But it's awkward to track a single benefit with two separate plan codes (an "EL" plan for the coverage amount and an "RS" plan code for the premium).
Has anyone come across a similar issue? I would love to come up with a more efficient method of reporting on these benefits and paying our monthly premiums.