IBM
C2020-003 · Question #63
A client has redesigned their nonprofit endowment product to pay a guaranteed 110% of Sum Assured on death rather than just the Sum Assured assumed in Standard Code. They want you to update the…
The correct answer is A. Change the existing formula to 110%* Sum Assured. See the full explanation below for the reasoning.
Question
A client has redesigned their nonprofit endowment product to pay a guaranteed 110% of Sum Assured on death rather than just the Sum Assured assumed in Standard Code. They want you to update the model so that it will be unaffected when any future updates of Standard Code are copied into the workspace. How would you do this?
Options
- AChange the existing formula to 110%* Sum Assured.
- BComment out the original code within the existing module and replace with 110% * Sum Assured.
- CCopy the Sum Assured variable into a blank line at the bottom of theproduct and change the code to
- DCopy the Sum Assured variable into a blank line at the bottom of the module and change the code to
How the community answered
(28 responses)- A79% (22)
- B4% (1)
- C4% (1)
- D14% (4)
Community Discussion
No community discussion yet for this question.