Question 1

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 2

A single Life Event can have multiple uses. Which two statements about the usage of Life events are TRUE?

Options :

A : Each occurrence of the life event causes participation evaluation processing to reconsider the plan's availability for a program.

B : The amount of deduction from employee pay check for enrollment is varied based on a life event.

C : Each occurrence of the life event causes participation evaluation processing to reconsider the person's eligibility for the object

D : Life events affect benefits processing for a participant.

Answer: C,D

Question 3

Which two statements are true about Enrollment Authorizations?

Options :

A : They appear several times if the participant enters self-service multiple times for a single life event.

B : If they are implemented, participants must read and accept the terms provided in the text before they are able to enroll.

C : They are optional to Implement. If implemented, performing the authorization task is mandatory for the participant.

D : They appear only the first time that the participant enters self-service enrollment for multiple life events.

E : They are optional to implement. If implemented, performing the authorization task is optional for the participant.

Answer: A,D

Question 4

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 5

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