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AAFM Exam CWM_LEVEL_2 Topic 2 Question 77 Discussion

Actual exam question for AAFM's CWM_LEVEL_2 exam
Question #: 77
Topic #: 2
[All CWM_LEVEL_2 Questions]

Section C (4 Mark)

Read the senario and answer to the question.

Assume the following additional facts:

The Shankers have purchased a homeowner's policy (comprehensive) covering 100% of the replacement cost of their residence. This policy has a Rs. 500 deductible. Also, they have purchased a disability income policy with a 30-day elimination period and an any-occupation definition of disability.

What actions should the Shankers consider in order to improve the quality of the insurance program described above?

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Suggested Answer: B

by Jani at May 07, 2024, 03:32 PM

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Alton
5 months ago
Fair point, but the disability policy specifics are pretty crucial too.
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Afton
5 months ago
I consider B. Combining I and IV might cover more areas.
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Launa
5 months ago
Why C? I think options I and III address key coverage.
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Allene
5 months ago
I'm leaning towards option C. The comprehensive homeowner's policy is solid.
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Frank
5 months ago
Yes, not straightforward. Need to think about the policies.
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Alton
7 months ago
This question about insurance seems tricky.
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