ASLI case studies
ASLI · Put your knowledge to work in context.
The ASLI is an entry-level insurance licensing-style examination covering the foundational knowledge expected of someone beginning a career in insurance sales or advice. It is aimed at new agents, advisors, bank and agency staff, and career-changers who need a structured grounding in how insurance works before specialising. The ASLI case studies are 5 cases and about 1,474 words.
1The Vanishing Premium and the Non-Disclosure
Priya applies for a 20-year term policy with a $500,000 death benefit. On the application she answers 'no' to a question asking whether she has used tobacco in the past 36 months.
303 words, about 2 min2The Rider That Outlived the Need
Daniel, age 52, owns a universal life policy with a 250,000 death benefit and a 60,000 cash value. He has been paying the planned premium of 3,000 annually, but for three years he has skipped payments and let the policy's internal cost of insurance erode the cash value.
314 words, about 2 min3The Aggregate Limit and the Second Injury
A small manufacturer carries a commercial general liability policy with a 1,000,000 each-occurrence limit, a 2,000,000 general aggregate, and a 2,000,000 products-completed operations aggregate. In March, a customer is injured at the plant when a hoist fails, and the insurer pays 700,000 to settle.
273 words, about 1 min4The Ethical Adjuster and the Undocumented Repair
A claims adjuster, Marcus, is handling a water-damage claim for a homeowner, Ms. The policy covers sudden and accidental discharge but excludes repeated seepage over 14 or more days.
295 words, about 1 min5The Group Conversion Deadline
Ravi is covered under his employer's group health plan, which includes a conversion privilege to an individual policy on termination of employment. Ravi resigns on March 1 and is told his group coverage ends March 31.
289 words, about 1 min