OpenExamsFREE PRACTICE — ANY EXAM

Life Only Exam — Information & Free Practice

US-AL · Examination information

214 free questions · Answer explanations · No signup required

Start free practice →

Life Only Exam

Provider
University of Alabama
Format
Computer-administered written insurance producer examination
Exam questions
125
Time limit
150 minutes
Passing score
87 correct answers; rule requires a weighted grade of at least 70
Exam fee
$50.00
Examination outline
  • Part I - General - Life and Health Insurance — Chpt 1 Purpose of Insurance
    • The Purpose of Life and Health Insurance
    • Dealing with Risk
    • The Law of Large Numbers
    • Insurance Company Structures
    • Domestic, Foreign and Alien Companies
    • Admitted and Nonadmitted Companies
  • Part I - General - Life and Health Insurance — Chpt 2 Contract Law
    • Introduction to the Law of Contracts
    • Contractual Terms and Concepts
    • Law of Agency
    • Powers of Producers
  • Part I - General - Life and Health Insurance — Chpt 3 Underwriting and the Application
    • Underwriting
    • Risk Classification
    • Premium Calculation
    • Mortality Risk Factors
    • Premium Mode
    • Conditional Receipt
    • Agent Responsibilities
    • Insurance Marketing Systems
  • Part II - Life Insurance — Chpt 4 Traditional Life Policies
    • Term Life
    • Whole Life
    • Joint Life and Survivorship Life Policies
    • Modified Life and Graded Premium Whole Life
  • Part II - Life Insurance — Chpt 5 Flexible Feature Life Policies
    • Adjustible Life
    • Universal Life
    • Variable Life and Variable Universal Life
    • Equity Indexed Life
  • Part II - Life Insurance — Chpt 6 Policy Provisions
    • Entire Contract and Policyowner's Rights Clauses
    • Beneficiaries
    • Incontestable Clause
    • Misstatement of Age or Gender
    • Suicide Clause
    • Free Look
    • Grace Period
    • Reinstatement
    • Automatic Premium Loan
    • Assignment
    • Exclusions
    • Accelerated (Living) Benefit Options & Viatical Settlements
  • Part II - Life Insurance — Chpt 7 Policy Options
    • Dividend Options
    • Nonforfeiture Options
    • Settlement Options
  • Part II - Life Insurance — Chpt 8 Policy Riders
    • Waiver of Premium Rider
    • Disability Income Rider
    • Payor Rider
    • Accidental Death Rider
    • Guaranteed Insurability Rider
    • Term Riders
    • Other Insureds Rider
    • Cost of Living Rider
  • Part II - Life Insurance — Chpt 9 Annuities and Retirement Plans
    • Annuity Basics
    • Fundamentals of Retirement Plans
  • Part II - Life Insurance — Chpt 10 Business and Group Life
    • Business uses for Life Insurance
    • Group Life Insurance Characteristics
  • Part II - Life Insurance — Chpt 11 Social Security
    • Purpose and Funding
    • Types of OASDI Benefits
  • Part IV - Alabama Insurance Law — Chpt 19 All Licensing Candidates
    • Overview
    • Insurance Commissioner, Powers, Duties, Investigations, Hearings
    • Authorized Companies, Certificate Authority, etc.
    • Obtaining a Producer License
    • Keeping Your License
    • Continuing Education
    • Producer Appointment and Termination
    • Unfair Trade Practices Law
    • Other Prohibited Actions
    • Domestic Abuse Protection Act
  • Part IV - Alabama Insurance Law — Chpt 20 Life Insurance Candidates
    • Approval of Policies, Required Policy Provisions
    • Industrial Life Provisions
    • Nonforfeiture Laws
    • Life Insurance and Annuity Advertisements
    • Life Insurance Solicitations and Disclosures
    • Life Insurance Illustrations
    • Life and Annuity Replacement
    • Annuity Suitability and Disclosures
    • Minors and Insurance
    • Alabama Life and Disability Insurance Guaranty Association
Examination sources