An organization has a scheduled open period for Life Insurance plan from January 1st to the 31st. The important dates defined while configuring the scheduled open life event are:
1) Enrollment Period Start Date - January 1, 201/
2) Enrollment Period End Date - January 31, 2017
3) Assign Defaults Date - January 31, 2017
4) Assigned Life Event Date - January 15, 2017
5) Coverage Start Date - Latest of elections, event or notified
The batch process to assign the open life event was run effective December 28, 2016. An employee makes an election on January 22, 2017.
What is the coverage start date for this employee?

• A.January 15, 2017
• B.January 22, 2017
• C.December 28, 2016
• D.January 31, 2017

Comment: *

Name: *

Email: *

Verification: *

Given that premiums are calculated on a monthly basis in accordance with the most common business of benefit suppliers.
What can you define so that participants who are covered by a plan for less than a full have no premium obligation?

• A.Standard wash Rule formula
• B.Standard Rate Value
• C.Standard Coverage Volume
• D.Standard input Value

Comment: *

Name: *

Email: *

Verification: *

How do you set up a Termination life event to end coverage at the end of the month?

• A.Coverage and Rate Date Ranges:
  Coverage Start Date: First of the Next Month
  Previous Coverage End Date: End of the Month
• B.Coverage and Pate Date Ranges:
  Coverage Start Date: End of the Month
  Previous Coverage End Date: End of the Month
• C.Coverage and Rate Date Ranges:
  Coverage Start Date: First of the Month
  Previous Coverage End Date: End of the Month
• D.Coverage and Rate Date Ranges:
  Coverage Start Date: End of the Month
  Previous Coverage End Date: First of the Next Month

Comment: *

Name: *

Email: *

Verification: *

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?

• A.This requirement can be completely achieved with configuration only.
• B.This requirement can be achieved through customization 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.

Comment: *

Name: *

Email: *

Verification: *

XX Lifeinsurance plan has two options: Option 1 enrolls a dependent of age 21 or above and Option 2 enrolls a dependent aged 18 or less.
How do you define a benefit configuration for these two options?

• A.Create one derived factor. Create an eligibility profileand configure the derived factor under the eligibility profile. Then attach the eligibility profile to XX Life Insurance Plan.
• B.Create two derived factors, one with age as 21 or above and a second with age 18 or less. Create an eligibility profile and configure these two derived factors under the eligibility profile. Then attach the eligibility profile to XX Life Insurance Plan
• C.Create two eligibility profiles. One with age as 21 or above and a second with age 18 or less. Then attach these eligibility profiles to XX Life Insurance Plan.
• D.Create one derived factor. Create an eligibility profile and configure the derived factor under the eligibility profile. Then attach the eligibility profile to XX Life Insurance plan at Option 1, and then attach the same eligibility profile at Option 2.

Comment: *

Name: *

Email: *

Verification: *