Question 1

An organization has a requirement to restrict Beneficiary Distributions to a percentage with a maximum of 100%. However, the distribution should be in multiples of 10. Which statement about this requirement is true?

Options :

A : This requirement can be achieved through customization only.

B : This requirement can be completely achieved with configuration only.

C : This requirement cannot be achieved with configurations, and would require custom Fast Formula.

D : This requirement cannot be achieved in the current system offerings.

Answer: D

Question 2

The reinstatement rule enables you to restore elections during which two events?

Options :

A : The open event was backed out by the administrator from the Benefits Service Center.

B : The intervening life event activated the open event.

C : An intervening life event backed out the open event.

D : The open event was accidentally backed out.

Answer: C,D

Question 3

The benefits administrator runs an open enrollment window on March 1, 2017 for Program: XX Life Insurance, but cannot find the life event date of March 15, 2017. What could be a reason for this?

Options :

A : The life event date configured for XX Life Program is not 15 March 2017

B : There is no configuration for open enrollment for the XX Life Program.

C : A cycle has already run for open enrollment, so no life event date is available.

D : The benefits administrator has a login from the previous date to that of 15 March 20l7.

Answer: D

Question 4

You are a benefits consultant implementing for a company that offers a life Insurance plan for employees withonly one option -Employee Plus Family. The rate for this option is dependent on various factor5 likeage/smoking status/gender: 1-Z0-1053-20 A female employee in the under 40 age group, who is a smoker, wants to purchase $100,000 of life insurance.The plan would be 2.1 (100,000 * 0.21/1000), considering 5100,000 is the coverage she opts for. Thecalculation is -> {Coverage* [{Rate applied as per gender/smoking status/ aqe)/1000l).How can you configure a rate for the company's plan?

Options :

A : Configure an eligibility profile with age-derived factors. Attach it to the plan. Then create a standard fate with the calculation method as Multiple of Coverage.

B : Configure a secondary rate with the calculation method as Multiple of Coverage.

C : Configure a fast formula calling this table. Configure a secondary standard rate with the calculation method as Formula. Then create another standard rate with type and the calculation method aS Multiple of Parent.

D : Configure a primary rate with the calculation method as Multiple of Coverage.

Answer: D

Question 5

What are the different types of open enrollment options available under Scheduled tab in program?

Options :

A : Open All and Unrestricted All

B : Open Scheduled and Unrestricted Scheduled

C : Open New Hire Enrollment and Unrestricted New Hire Enrollment

D : Open Enrollment and Open Unrestricted Enrollment

Answer: B

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