ALABAMA LIFE INSURANCE AGENT
CERTIFICATION EXAM SCRIPT 2026 FULL
PRACTICE QUESTIONS AND ANSWERS
◉ Which of the following information about the applicant is NOT
included in the General Information section of the application for
insurance?
Answer: Medical Background
◉ All of the following statements concerning the use of life
insurance as an Executive Bonus are correct EXCEPT
Answer: the policy is owned by the company
◉ Which of the following characteristics applies to defined benefit
plans but not defined contribution plans?
Answer: The amount of contributions made by the employer is
determined by an actuarial formula.
◉ Which of the following best describes fixed-period settlement
option?
Answer: Both the principal and interst will be liquidated over a
selected period of time
CERTIFICATION EXAM SCRIPT 2026 FULL
PRACTICE QUESTIONS AND ANSWERS
◉ Which of the following information about the applicant is NOT
included in the General Information section of the application for
insurance?
Answer: Medical Background
◉ All of the following statements concerning the use of life
insurance as an Executive Bonus are correct EXCEPT
Answer: the policy is owned by the company
◉ Which of the following characteristics applies to defined benefit
plans but not defined contribution plans?
Answer: The amount of contributions made by the employer is
determined by an actuarial formula.
◉ Which of the following best describes fixed-period settlement
option?
Answer: Both the principal and interst will be liquidated over a
selected period of time
