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AAFM Exam CWM_LEVEL_2 Topic 4 Question 95 Discussion

Actual exam question for AAFM's CWM_LEVEL_2 exam

Question #: 95
Topic #: 4

[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?

A(I) only

B(I) and (IV) only

C(I) and (III) only

D(II) and (IV) only

Show Suggested Answer

Suggested Answer: B

by Veronika at Jan 09, 2025, 12:37 AM

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Dyan

8 days ago

Haha, good one! But seriously, I think (I) and (III) are the way to go. Gotta balance coverage and cost, you know?

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Domingo

12 days ago

Guys, let's be honest - the real way to 'improve' their insurance is to just stop getting injured or have their house burn down. Problem solved!

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Jonell

14 days ago

Wait, why would they want to increase the deductible? That just means they'll have to pay more out of pocket. I'd go with (I) and (IV).

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Brynn

17 days ago

I agree, (I) and (III) make the most sense to me. Increasing the deductible and extending the elimination period could really improve their coverage.

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Lenna

5 days ago

I think increasing the deductible and extending the elimination period would be a good idea.

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Glendora

22 days ago

I think they should also look into reducing their deductible to improve their insurance program.

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Pamella

23 days ago

I agree with Gaynell, they should also review their disability income policy.

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Alita

29 days ago

Hmm, this seems pretty straightforward. I think the answer is (I) and (III) only.

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Kiley

6 days ago

Agreed, those actions would definitely improve the quality of their insurance program.

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Lisandra

12 days ago

They should review and possibly increase the elimination period on the disability income policy.

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Vicki

14 days ago

Consider increasing the deductible on the homeowner's policy.

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Gaynell

1 months ago

The Shankers should consider increasing their homeowner's policy coverage.

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