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            Set the Default Value of the Premium Frequency Field on the Insurance Policy Object

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            Set the Default Value of the Premium Frequency Field on the Insurance Policy Object

            Set the default value of the Insurance Policy object's Premium Frequency picklist to Annually.

            1. From Setup, click the Object Manager tab.
            2. Click Insurance Policy.
            3. Click Fields & Relationships.
            4. Click Premium Frequency.
            5. In the Premium Frequency Picklist Values section, click Edit next to the value of Annually.
            6. Select the Default checkbox.
            7. Click Save.
             
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            Salesforce Help | Article