How to make a mesh disappear through LOD?

Development Asset Creation
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1

I have a Imported mesh with 5 LODs automatically set up (I use maya and there I make the LOD groups)

But for performance, usually there is a point where assets disappear to save memory?

If I click to add another LOD nothing happens… how do I add a LOD to my static meshes so that they disappear?

2

Looking for answer for this as well!