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AAFM GLO_CWM_LVL_1 Exam - Topic 2 Question 97 Discussion

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.
D) 107500
A) 50000
B) 57500
C) 100000

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
[All GLO_CWM_LVL_1 Questions]

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.

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Suggested Answer: D

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

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Sena
9 months ago
Don't forget the survival benefits paid out over the years!
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Ardella
10 months ago
Wait, how do you get to that amount? Sounds high!
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Laurel
10 months ago
I think it should be Rs. 107500.
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Frederica
10 months ago
Yeah, and the bonuses add up too!
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Tracie
10 months ago
The SA is Rs. 50000, right?
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Graciela
11 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
11 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
11 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
11 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
11 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
11 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
11 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
11 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
2 years 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
2 years ago
D
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Jade
2 years ago
B
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Georgene
2 years 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
2 years ago
I'm not sure, but I think the answer might be D) 107500 because of the interim bonus.
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Quentin
2 years 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
2 years ago
D) 107500
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Honey
2 years ago
C) 100000
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Fatima
2 years ago
B) 57500
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Tricia
2 years ago
B) 57500
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Veronika
2 years ago
A) 50000
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Alisha
2 years ago
A) 50000
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Ora
2 years ago
I agree with Altha. The survival benefits and accrued bonus should be taken into account.
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Altha
2 years ago
I think the answer is B) 57500.
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Kenny
2 years 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
2 years ago
D) 107500
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Kimberely
2 years ago
C) 100000
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Catrice
2 years ago
B) 57500
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Georgiana
2 years ago
A) 50000
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Yong
2 years 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
2 years 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
2 years ago
User 3
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Jodi
2 years ago
User 2
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Magnolia
2 years ago
User 1
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