AAFM GLO_CWM_LVL_1 Exam - Topic 2 Question 97 Discussion

Actual exam question for AAFM's GLO_CWM_LVL_1 exam

Question #: 97
Topic #: 2

Calculate the death claim amount if the assured dies in the 25th year of the policy. Money back policy with SA of Rs. 50000. Term is 25 years. Survival benefits of 10% each paid at the end of 5th , 10th, 15th, and 20th years. Accrued bonus of Rs. 500 per thousand of SA.Interim bonus of Rs. 75 per 1000 of SA.

A50000

B57500

C100000

D107500

Show Suggested Answer

Suggested Answer: D

by King at Jan 13, 2025, 08:13 PM

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Sena

3 months ago

Don't forget the survival benefits paid out over the years!

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Ardella

4 months ago

Wait, how do you get to that amount? Sounds high!

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Laurel

4 months ago

I think it should be Rs. 107500.

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Frederica

4 months ago

Yeah, and the bonuses add up too!

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Tracie

4 months ago

The SA is Rs. 50000, right?

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Graciela

4 months ago

I’m confused about how to calculate the accrued bonus. Was it Rs. 500 per thousand or something else?

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Flo

5 months ago

I practiced a similar question last week, and I think the interim bonus adds a significant amount. Could it be option D?

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Coral

5 months ago

I think the total should include the sum assured plus the survival benefits, but I can't recall the exact amounts for each year.

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Shay

5 months ago

I remember calculating survival benefits before, but I'm unsure how to factor in the bonuses for this question.

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Nathalie

5 months ago

This looks tricky, but I'm going to give it my best shot. I'll need to make sure I account for all the different components and do the math carefully. Hopefully I can figure out the right answer.

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Isabelle

5 months ago

Okay, I think I've got this. Let me break it down step-by-step: sum assured, survival benefits, interim bonus, accrued bonus. I should be able to calculate the total death claim amount.

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Adolph

5 months ago

Hmm, I'm a bit unsure about how to approach this. There are a lot of different factors to keep track of. I'll need to carefully read through the details and make sure I don't miss anything.

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Bette

5 months ago

This looks like a straightforward life insurance policy calculation. I'll need to consider the sum assured, survival benefits, and bonuses to determine the final death claim amount.

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Donte

1 year ago

I feel like I need a crystal ball to answer this question. Maybe the insurance company is testing our psychic abilities as well as our math skills!

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Jade

1 year ago

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Jade

1 year ago

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Georgene

1 year ago

Wait, is this a trick question? I bet the answer is actually A, and the insurance company is just trying to throw us off with all these 'benefits' and 'bonuses'.

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Cordelia

1 year ago

I'm not sure, but I think the answer might be D) 107500 because of the interim bonus.

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Quentin

1 year ago

This question is like a life insurance puzzle! I'm going to have to carefully calculate everything to get the right answer. Let's see, where's my calculator...

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Natalie

1 year ago

D) 107500

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Honey

1 year ago

C) 100000

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Fatima

1 year ago

B) 57500

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Tricia

1 year ago

B) 57500

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Veronika

1 year ago

A) 50000

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Alisha

1 year ago

A) 50000

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Ora

1 year ago

I agree with Altha. The survival benefits and accrued bonus should be taken into account.

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Altha

1 year ago

I think the answer is B) 57500.

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Kenny

1 year ago

Hmm, I'm not sure about this one. I'm going to guess C just for the heck of it. Maybe the insurance company is feeling generous today!

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Irving

1 year ago

D) 107500

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Kimberely

1 year ago

C) 100000

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Catrice

1 year ago

B) 57500

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Georgiana

1 year ago

A) 50000

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Yong

1 year ago

Wow, this is a tricky one! I'm going to go with B. The survival benefits and accrued bonus add up to 57,500, and that seems like the most logical answer.

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Aide

1 year ago

I think the answer is D. The survival benefits and accrued bonus seem to add up to 57,500, and the death claim would be the full sum assured of 50,000. Together, that makes 107,500.

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Nguyet

1 year ago

User 3

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Jodi

1 year ago

User 2

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Magnolia

1 year ago

User 1

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