Question 1

To which two benefits objects can Year Period be attached to?

Options :

A : Program

B : Plan Type

C : Plan

D : Option

Answer: A,C

Question 2

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 3

Which benefit object must be created prior to creating an option?

Options :

A : Rate

B : Plan Type

C : Plan

D : Coverage

Answer: B

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

Your customer wants to keep all functional consultants in a separate benefits group, so you created Function Consultants Benefits Group. How do you assign the individual functional consultant to this newly created benefits group?

Options :

A : Assign individuals to the benefit group using the Manage Person task in the Person Management work area.

B : Assign individual to the benefit group using the Manage Person Habits and Benefit Groups task in the Plan Configuration work area.

C : Assign individuals to the benefit group using the Manage Person Habits and Benefit Groups task in the Enrollment work area.

D : Assign individuals to the benefit group using the Manage Person task in the Plan Configuration work area.

E : Assign individuals to the benefit group using the Manage Person task in the Enrollment work area.

Answer: C

Smartly Prepare Exam with Free Online 1Z0-1053-25 Practice Test

Buying Options: