AZ Life & Health case studies
AZ Life & Health · Put your knowledge to work in context.
The Arizona life and health insurance producer license is the credential a person needs to sell life insurance, annuities, and health insurance products in the state. It is issued by the Arizona Department of Insurance and Financial Institutions (DIFI), the state agency whose licensing section handles insurance professional licensing, applications, renewals, and license lookups. Candidates usually pursue it as a first insurance credential: new agents entering life and health lines, career changers, and agency or carrier employees who need a resident producer license. The qualifying exam, delivered through Pearson Professional Assessments (the testing company formerly known as Pearson VUE), is organized around five content areas: Arizona insurance law, rules, and regulations; general insurance concepts; life insurance principles and policy provisions; annuities and retirement products; and health insurance principles, policy provisions, and government programs. The AZ Life & Health case studies are 5 cases and about 3,719 words.
1The Terminated Appointment and the Unlicensed Office Manager
Maria has held an Arizona producer license for 11 years. In March, Summit Life terminated her appointment and notified her by letter.
768 words, about 4 min2The Warehouse Coinsurance Trap
Ridgeline Logistics owns a distribution warehouse with a replacement cost of 2,000,000. Its commercial property policy carries an 80% coinsurance clause, a 1,200,000 building limit, and a 10,000 deductible.
637 words, about 3 min3Conversion, Contestability, and the Life Settlement
Dwight, 58, bought a 500,000 15-year level term policy nine years ago. The contract lets him convert, without evidence of insurability, to any whole life plan the insurer sells, provided he converts before the end of policy year 10.
677 words, about 3 min4The Bonus Annuity and the Seventy-Two-Year-Old
Dorothy is 72, widowed, and holds 280,000 in a variable annuity inside a traditional IRA. She is in year 6 of a 7-year surrender schedule; the remaining surrender charge is 4%.
743 words, about 4 min5Turning 65 with an Employer Plan, an HSA, and a Younger Spouse
Robert turns 65 in two months. He works full time for a firm with 40 employees and is enrolled in its PPO; his wife, 62, is covered as a dependent.
894 words, about 4 min