Online Access Free 1Z0-1017 Exam Questions

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 in the current system offerings.
• D.This requirement cannot be achieved with configurations, and would require custom Fast Formula.

An employee logs in from employee self-service and navigates to the benefits section. However, the employee is unable to find the desired plan in the benefits section. Which two are possible reasons the plan does not appear:

• A.No option is available for the plan for enrollment.
• B.No unrestricted event is available for the employee.
• C.No life event is detected.
• D.The employee is not eligible for the enrollment.

Your customer decided to use some delivered explicit life events in their business. What is your next step as an HCM Consultant after defining triggers as per the retirement?

• A.Associate the life events with only flexible benefit programs.
• B.Associate the life events only with benefit plans which are not in a program.
• C.Associate the life events only with benefit plans which are in a program.
• D.Associate the life events with benefit plans or program.
• E.Associate the life events only with Core benefit programs.

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 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.
• C.Configure a primary rate with the calculation method as Multiple of Coverage.
• D.Configure a secondary rate with the calculation method as Multiple of Coverage.

Which statement about Waive options is true?

• A.Waive options are options which do not require any dependent/beneficiary designation.
• B.Waive options are options into which employees ate compulsorily enrolled in case they do not complete the requited action items like certification, entering date of birth, etc.
• C.Waive options are used when employees do not get an enrollment opportunity because they do not qualify for the required eligibility criteria.
• D.Waive options are used so that employees can explicitly decline enrollment opportunities for which they are otherwise eligible.