Online Access Free 1Z1-1017 Exam Questions

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

A plan is created for a calendar year from January 1, 2017 and ends on December 31, 2017. The company wants to create an event on the occurrence of life event date.
What will be the life event start date?

• A.as of event start date
• B.as of coverage start date
• C.as of rate start date
• D.as of enrollment start date

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 cannot be achieved with configurations, and would require custom Fast Formula.
• B.This requirement cannot be achieved in the current system offerings.
• C.This requirement can be achieved through customization only.
• D.This requirement can be completely achieved with configuration only.

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

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

• A.Rate
• B.Plan Type
• C.Plan
• D.Coverage