CA Life & Health case studies
CA Life & Health · Put your knowledge to work in context.
The California Life & Health credential is a producer license issued by the California Department of Insurance (CDI) that authorizes the holder to transact life insurance, accident and health insurance, or both, depending on the license type applied for. Candidates typically pursue it to sell individual and group life policies, annuities, disability income, medical expense coverage, and senior-oriented products such as Medicare supplement and long-term care insurance. The CA Life & Health case studies are 5 cases and about 3,790 words.
1The Unlicensed Assistant and the Office That Moved
Maria holds a life-only California producer license and owns a two-person agency. In March she hired Jake, who holds no license, as "office support." Jake now: (1) reads premium figures to callers from the carrier's rate sheet and compares two products; (2) emails applications with the client's coverage selection already filled in; (3) tells a caller "you're all set - you're covered as of Monday"; (4) asks each new client who referred them and promises a $40 gift card for every closed referral.
689 words, about 3 min2The Second-to-Die That the Family Wanted Fast
Three adult siblings, ages 52, 57 and 61, want to buy a 2,000,000 second-to-die (survivorship) policy on their parents, ages 84 and 86, to fund estate taxes on a 9,000,000 estate. The siblings would own the policy, pay the $68,000 annual premium from a joint account, and be the beneficiaries.
786 words, about 4 min3The Conditional Receipt and the Accident on Day Twelve
Denise, 44, applies for a 750,000 20-year term policy. She writes a check for 92, the first monthly premium, and receives a conditional receipt stating that coverage begins on the date the application is completed only if, in the company's underwriting judgment, she is insurable at standard rates on that date.
763 words, about 4 min4The $310,000 Exchange Harold Wants Yesterday
Harold, 71, owns a nonqualified deferred annuity bought in 2021 with a 250,000 single premium; the accumulated value is now 310,000. The contract allows a 10% free withdrawal each year and carries a seven-year surrender charge that starts at 8% and drops one point per year.
773 words, about 4 min5Robert's Medicare, the Small Employer, and the HSA He Shouldn't Have
Robert, 67, has worked full time for 12 years for a firm with 12 employees. He enrolled in Medicare Part A and B at 65 and stayed on the company's group HDHP ( 3,000 deductible), which also covers his wife, 58.
779 words, about 4 min