AAFM GLO_CWM_LVL_1 Exam - Topic 6 Question 20 Discussion

Actual exam question for AAFM's GLO_CWM_LVL_1 exam

Question #: 20
Topic #: 6

[All GLO_CWM_LVL_1 Questions]

From the data given below, calculate the premium of a policy of Rs. 5 lac, for all the mentioned age groups?

A734.50, 740.90, 754.35, 754.35

B751.70, 754.35, 740.90, 734.50

C734.50, 754.35, 751.70, 740.90

DNone of the above

Show Suggested Answer

Suggested Answer: A

by Alex at May 09, 2022, 04:18 PM

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Dallas

4 months ago

I’m leaning towards option C, but it’s a close call!

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Henriette

5 months ago

I disagree, option B looks more accurate based on my calculations.

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Arlyne

5 months ago

Wait, are we sure about those figures? Seems off to me.

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Galen

5 months ago

Definitely option A! Those numbers add up perfectly.

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Laurena

5 months ago

I think the premiums are in the range of 734 to 754.

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Lynsey

5 months ago

The key here is restricting callers from interrupting the welcome message. I'd guess that's under the Caller Input menu.

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Gladys

5 months ago

First, I'll look at the mortality rates for each age group and calculate the premium using the standard formula.

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