Oracle Exam 1z0-1053 Topic 6 Question 11 Discussion

Actual exam question for Oracle's 1z0-1053 exam

Question #: 11
Topic #: 6

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?

AConfigure 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.

BConfigure a secondary rate with the calculation method as Multiple of Coverage.

CConfigure 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.

DConfigure a primary rate with the calculation method as Multiple of Coverage.

Show Suggested Answer

Suggested Answer: D

by Lizbeth at May 09, 2022, 04:15 AM

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