Plan Types provide additional details about an account and/or policy to help identify how a product is designed to meet specific needs.
Create and Assign Plan Types
Creating new Plan Types is a two-step process. First, you will create the desired Plan Type and then attach it to the corresponding Product Type.
Step 1: Adding Plan Types from Advanced Setup page
From the left-side main menu, click the Settings tab > Advanced Setup
Select the Product section > click Plan Types
From the Plan Types page click
Complete the New Plan Type form
Name
Description
Qualified select if this is a Tax-Qualified Plan Type
Click Save.
Step 2: Attaching Plan Types to the Product Type in Advanced Settings
From the left-side main menu, click the Settings tab > Advanced Setup
Select the Product section > click Product Types
From the Product Types page > select the desired Product Type and > click on the three-dot Action Menu > click Edit
Add the Plan Type
Click Save.
Edit Existing Plan Types from Advanced Setup Page
From the left-side main menu, click the Settings tab > Advanced Setup
Select the Product section > click Plan Types
From the Plan Types page > click the
Action Menu of Plan type you wish to edit > click 
EditComplete the Edit Plan Type form
Name
Description
Qualified select if this is a Tax-Qualified Plan Type
Click Save.
Merge Plan Types
Select the Product section > click Plan Types
From the Plan Types page click
Complete the Merge Plan Types form
Merge From
Merge to
Remove original Plan Type after merge recommended
Click Save.
🛑 Warning! Once merged, Plan Types cannot be Un-merged. Please use with caution.