Free Oracle 1z0-1053-22 Exam Dumps Questions & Answers

You are a benefits consultant implementing for a company that offers a life Insurance plan for employees with only one option -Employee Plus Family. The rate for this option is dependent on various factor5 like age/smoking status/gender:

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. The calculation is -> {Coverage* [{Rate applied as per gender/smoking status/ aqe)/1000l).
How can you configure a rate for the company's plan?

• 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 primary 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 secondary rate with the calculation method as Multiple of Coverage.

The benefits administrator has configured five rates for five different legal entities. After implementation, an employee logs into the benefit self service. When selecting a plan, the employee cannot see the assigned rate amount to the plan under the rate section.
Why can't the employee see the assigned rate amount?

• A.  The rate amount "Assign on Enrollment" is enabled for five legal entities.
• B.  The rate amount Is a variable rate for the employee's legal employer.
• C.  The rate amount is of the unit of measure "Money".
• D.  The rate amount is not configured for the employee's specific legal employer.

A benefits administrator goes to the Enrollment task and finds the following under, the life event summary:
1. Address Change life event status: Detected
2. New Hire life event: Manual
What does this status signify?

• A.  A New Hire life event was manually selected.An Address Change event was triggered for the person and participation evaluation processing was evaluated.
• B.  A New Hire life event was manually selected.An Address Change event was triggered for the person, and participation evaluation processing has not yet evaluated it.
• C.  A New Hire life event was manually selected.An Address Change event is yet to be triggered and processed for, the employee.
• D.  A New Hire life event was manually selected,or the Configure the Timeliness Evaluation setting of a particular life event set the An Address Change event was triggered for the person and participation evaluate processing has not yet evaluated it.

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: End of the Month
  Previous Coverage End Date: First of the Next 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: First of the Next Month
  Previous Coverage End Date: End of the Month

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

• A.  The amount of deduction from employee pay check for enrollment is varied based on a life event.
• B.  Life events affect benefits processing for a participant.
• C.  Each occurrence of the life event causes participation evaluation processing to reconsider the plan's availability for a program.
• D.  Each occurrence of the life event causes participation evaluation processing to reconsider the person's eligibility for the object.