Gba 3 practice exam 2024 - Study guides, Class notes & Summaries

GBA 3 Practice Exam 2024...

GBA 3 Practice Exam Questions & Answers 2023/2024 A global trend taking place in defined contribution retirement plans is: - ANSWER-A. Greater reliance on plans with default investments A pension plan investment carries an expense of 2 %. If the expenses are decreased by 50 basis points, what will be the new level of expenses? - ANSWER-D. 1.50% A person's Social Security primary insurance amount (PIA) is which of the following? - ANSWER-E. The worker's monthly retirement benefit at ...

A global trend taking place in defined contribution retirement plans is: - ANSWERA. Greater reliance on plans with default investments A pension plan investment carries an expense of 2 %. If the expenses are decreased by 50 basis points, what will be the new level of expenses? - ANSWERD. 1.50% A person's Social Security primary insurance amount (PIA) is which of the following? - ANSWERE. The worker's monthly retirement benefit at full retirement age A recent Department of Labor au...

CEBS - GBA 1 Practice Exam Questions and Answers Latest 2023/2024 (100% Verified). Which of the following statements correctly describes minimum requirements that group benefit plans typically must meet in order to be prospectively rated on contract renewal?: The more unpredictable the event that will trigger a claim, the larger the minimum group size and premium requirements 2. Which of the following statements correctly describes the term graduation as it applies to mortality tables?: It is...

CEBS - GBA 1 Practice Exam Questions and Answers Latest 2023/2024 (Verified). Which of the following statements correctly describes minimum requirements that group benefit plans typically must meet in order to be prospectively rated on contract renewal?: The more unpredictable the event that will trigger a claim, the larger the minimum group size and premium requirements 2. Which of the following statements correctly describes the term graduation as it applies to mortality tables?: It is a ma...

CEBS Exam Practice Questions and Answers Latest 2023/2024 (100% Verified). Which of the following statements correctly describes the term graduation as it applies to mortality tables?: It is a mathematical process that removes anomalies that should not appear in the mortality data 3. If the plan sponsor pays the premium, which of the following group insured benefits is taxable to the plan member?: Long-term disability (LTD) 4. Which of the following statements correctly describes phases of a...

CEBS - GBA 1 Exam Questions and Answers Latest 2024 (Verified Solution). Which of the following statements correctly describes minimum requirements that group benefit plans typically must meet in order to be prospectively rated on contract renewal?: The more unpredictable the event that will trigger a claim, the larger the minimum group size and premium requirements 2. Which of the following statements correctly describes the term graduation as it applies to mortality tables?: It is a mathema...

CEBS GBA Exam 3 Questions & Answers 2023/2024 An employee welfare benefit plan has four basis elements. What are these elements? (Mod 1.1) - ANSWER-1) There must be a plan, fund or program. 2) The plan, fund or program is established or maintained by an employer. 3) The plan, fund or program is for the purpose of providing specifically listed benefits, through the purchase of insurance or otherwise. 4) Benefits are provided to participants and beneficiaries. Explain how a "plan, fund...

CEBS - GBA 1 AND 2- PRACTICE EXAM QUESTIONS AND ANSWERS 2024 WITH COMPLETE SOLUTION Which of the following statements correctly describes minimum requirements that group benefit plans typically must meet in order to be prospectively rated on contract renewal? Ans- The more unpredictable the event that will trigger a claim, the larger the minimum group size and premium requirements Which of the following statements correctly describes the term graduation as it applies to mortality tables?...