Free GR1 Exam Braindumps (page: 14)

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Which of the following is typically considered a health care benefit?

  1. Defined benefit plan
  2. Death benefits
  3. Defined contribution plan
  4. Vision plan

Answer(s): D



Employer-sponsored death benefits are most commonly based on which of the following?

  1. The size of the employee's family
  2. The employee's annual salary
  3. The employee's health history
  4. The employee's premium contributions

Answer(s): B



Which of the following statements best describes defined benefit (DB) plans?

  1. There is no promise of a specific benefit at retirement.
  2. Individual accounts must be maintained for each participant.
  3. They are often integrated with government-sponsored programs.
  4. Employees are at risk for financial resources.

Answer(s): C



Which of the following statements best describes defined contribution (DC) plans?

  1. They require complex actuarial calculations and assumptions.
  2. The benefit is based on a formula that considers pay and service.
  3. They generally provide better benefits to employees with longer service.
  4. The employee assumes the risk for the investments.

Answer(s): D






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