CIC Life & Health case studies
CIC Life & Health · Put your knowledge to work in context.
The Certified Insurance Counselor (CIC) designation is a nationally recognized insurance professional credential administered by the Risk & Insurance Education Alliance, with roots dating to 1969, when independent agents and University of Texas professor Dr. Hold developed a program to deepen agents' policy knowledge and raise professionalism through education. There are currently over 30,000 CIC designees nationwide, drawn from agency owners, producers, brokers, agents, adjusters, and insurance company personnel such as marketers, underwriters, and agency operations staff. The program is recommended for professionals with at least two years of full-time insurance or risk management experience, though the Alliance states there are no formal prerequisites. The CIC Life & Health case studies are 5 cases and about 3,525 words.
1Term Conversion Under a Tight Budget and a Pending Cardiac Workup
Marcus, 59, owns a successful landscaping company. In 2011, at age 45, he bought a 750,000 20-year level term policy that expires in 2027 at age 65.
733 words, about 4 min21035 Exchange to an Indexed Annuity With a Lifetime Withdrawal Rider
Diane, 68, is widowed and in good health. In 2016 she invested 300,000 in a nonqualified fixed deferred annuity now worth 420,000.
706 words, about 4 min3Funding a Three-Shareholder Buy-Sell With a Planned Retirement and a Cardiac History
Three shareholders own an S corporation machine shop valued at 3.8 million: Alan, 61, owns 55%; Beth, 47, owns 30%; and Carlos, 38, owns 15%. There is no buy-sell agreement.
717 words, about 4 min4Fully Insured PPO Renewal, Self-Funding, and an HSA Option
Ridgeline Foods has 62 full-time employees; 48 are enrolled in a fully insured PPO. The renewal is 612,000, an 18% increase.
668 words, about 3 min5A Lapsed Producer License and a Tobacco Misrepresentation Claim
Northline Insurance is a nine-producer independent agency. Dana, a life producer, failed to complete continuing education and her state license lapsed for 45 days.
701 words, about 4 min