Base Face Decrease

In some cases the insured may need to decrease the face amount of a policy. The Base Face Decrease activity allows this. To add this activity, open a term policy and select Add Activity from the Secondary menu.

Add activity link on secondary menu

Add Activity Link on Policy Screen

Select BaseFaceDecrease from the activity drop down box, enter the new face amount for the policy and click OK. The activity will display on the Activity screen with a lightning bolt icon. Click the lightning bolt icon to process the activity. This activity will spawn the Calculate New Premiums activity, which when processed will spawn the COIPayment activity and the Billing activity.

base face decrease activity details

Add Activity Window with BaseFaceDecrease Activity Selected