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AAFM Exam GLO_CWM_LVL_1 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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Donte
2 months 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 months ago
D
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Jade
2 months ago
B
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Georgene
2 months 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 months 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 months 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 months ago
D) 107500
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Honey
2 months ago
C) 100000
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Fatima
2 months ago
B) 57500
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Tricia
2 months ago
B) 57500
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Veronika
2 months ago
A) 50000
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Alisha
2 months ago
A) 50000
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Ora
3 months ago
I agree with Altha. The survival benefits and accrued bonus should be taken into account.
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Altha
3 months ago
I think the answer is B) 57500.
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Kenny
3 months 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 months ago
D) 107500
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Kimberely
1 months ago
C) 100000
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Catrice
1 months ago
B) 57500
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Georgiana
2 months ago
A) 50000
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Yong
3 months 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
3 months 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 months ago
User 3
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Jodi
3 months ago
User 2
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Magnolia
3 months ago
User 1
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