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Future Increase Option (FIO)
Future Increase Option (FIO)
Michael Schwabe avatar
Written by Michael Schwabe
Updated over 7 years ago

Future Increase Option is for policies like Long-term Disability.  It is a feature that allows a policy owner to increase their coverage in the future if their income qualifies them without having to qualify medically (underwriting).  So an LTD policy might be $5,000/month to age 65 and have a $4,000 FIO.  This policy owner would have the right upon policy anniversary of increasing their coverage as much as $4,000/month more when their income rises. 

Here are two options to display this on the platform

 1. Display the FIO on an Asset-Map by using the Reference Name field.

2. To display it on the Policy Summary, add it in the Details tab under Nickname.

Alternatively, if it is not necessary to actually display it, consider using the Notes tab.

"LTD (FIO $4K)"

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