AESI Demo Exam


1. Auto Insurance sample question

Comprehensive coverage pays for the following, except:
 vandalism
 collision
 fire
 theft


2. Homeowner's Insurance sample question

A standard earthquake policy has all of the following provisions, except:
 $10000 for in-built appliances
 a 15 percent deductible
 $1500 limit for additional living expenses
 $5000 cap on replacing the contents of a house damaged in a quake


3. Life Insurance & Financial Security sample question

The financial statement which shows us the client's net worth and repositionable assets is the
 balance sheet
 income statement
 cash flow statement
 funds flow statement


4. Life Insurance & Financial Security sample question

An aggressive approach to financial planning intends to
 preserve original capital
 minimize risk to principal and provide steady income
 maximize return by taking greater risks.
 maximize risk


5. Life Insurance & Financial Security sample question

An agent who offers a prospect free tickets to a professional basketball game if the prospect will make an insurance purchase is guilty of
 churning
 twisting
 windowing
 rebating


6. Life Insurance & Financial Security sample question

Meeting the high ethical standards of a professional means that an agent
 pays a lip-service to a code of conduct
 earns a good living
 hasn't been disciplined yet by any regulatory authority
 puts the clients interests ahead of his or her own


7. Annuities & Pension Plans sample question

When do earnings on deferred annuities held by individuals become taxable as income?
 When they are paid out of the contract
 In the year they are credited to the contract
 Never
 Only if they are paid out of the contract prior to the individuals age 59 1/2


8. Life Insurance & Financial Security sample question

A policyowner may name more than one primary beneficiary to receive the proceeds of a life insurance policy
 True
 False


9. Annuities & Pension Plans sample question

The primary rule of communicating with the public is
 provide full disclosure of all material facts
 let the buyer beware
 stop talking after the client says YES
 make the client feel comfortable


10. Life Insurance & Financial Security sample question

All of the following are generally considered to be income taxable by the federal government except
 tips
 Workers Compensation payments
 commissions
 interest income