AAMS PRACTICE Exam (2025)
ACTUAL EXAM comprehensive
questions and verified answers
(detailed & elaborated) 2025 TEST!!
Save
Terms in this set (80)
,An employer Variable life insurance
plans to use
corporate-
owned life
insurance to
informally fund a
nonqualified
deferred
compensation
agreement and
wants flexibility
regarding
investment
choices. Which
one of the
following types
of life insurance
should this
employer
choose?
,The latest contrarian
economic
reports have
been gloomy,
and the stock
market is in a
protracted slump.
Most of your
regular stock
customers are
selling out their
positions. A new
client, Mr. Jones,
sees these
conditions as a
buying
opportunity. You
would define his
investment
personality as
, As of December $364,000
31, 20X1, Bob
Larkin has the Assets = $17,000 + $400,000 + $95,000
following +$45,000 + $8,000 + $15,000 +
financial data: $125,000 = $705,000. Liabilities =
$16,000 + $285,000 + $40,000 =
Bond fund $341,000, so net worth is $364,000.
$17,000 Notice that auto notes of $16,000 are
Residence$400,0 included in this calculation, but auto
00 payments of $7,000 is a cash flow
Vested 401(k) item and therefore not included.
plan$95,000
Auto
notes$16,000
Residence
mortgage$285,00
0
Auto
payments$7,000
Automobiles$45,
000
Checking
account$8,000
Utilities$4,000
CD$15,000
Stock$125,000
Home equity
ACTUAL EXAM comprehensive
questions and verified answers
(detailed & elaborated) 2025 TEST!!
Save
Terms in this set (80)
,An employer Variable life insurance
plans to use
corporate-
owned life
insurance to
informally fund a
nonqualified
deferred
compensation
agreement and
wants flexibility
regarding
investment
choices. Which
one of the
following types
of life insurance
should this
employer
choose?
,The latest contrarian
economic
reports have
been gloomy,
and the stock
market is in a
protracted slump.
Most of your
regular stock
customers are
selling out their
positions. A new
client, Mr. Jones,
sees these
conditions as a
buying
opportunity. You
would define his
investment
personality as
, As of December $364,000
31, 20X1, Bob
Larkin has the Assets = $17,000 + $400,000 + $95,000
following +$45,000 + $8,000 + $15,000 +
financial data: $125,000 = $705,000. Liabilities =
$16,000 + $285,000 + $40,000 =
Bond fund $341,000, so net worth is $364,000.
$17,000 Notice that auto notes of $16,000 are
Residence$400,0 included in this calculation, but auto
00 payments of $7,000 is a cash flow
Vested 401(k) item and therefore not included.
plan$95,000
Auto
notes$16,000
Residence
mortgage$285,00
0
Auto
payments$7,000
Automobiles$45,
000
Checking
account$8,000
Utilities$4,000
CD$15,000
Stock$125,000
Home equity
