AESI Demo Exam


1. Auto Insurance sample question

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


2. Homeowner's Insurance sample question

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


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
 cash flow statement
 funds flow statement
 income statement


4. Life Insurance & Financial Security sample question

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


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
 rebating
 churning
 twisting
 windowing


6. Life Insurance & Financial Security sample question

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


7. Annuities & Pension Plans sample question

When do earnings on deferred annuities held by individuals become taxable as income?
 Never
 In the year they are credited to the contract
 When they are paid out of the contract
 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
 make the client feel comfortable
 provide full disclosure of all material facts
 stop talking after the client says YES
 let the buyer beware


10. Life Insurance & Financial Security sample question

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