CO Life & Health case studies
CO Life & Health · Put your knowledge to work in context.
The Colorado Life & Health producer license is the credential that allows an individual to sell, solicit, and negotiate life insurance and health insurance products in Colorado. It is issued by the Colorado Division of Insurance, a division of the Department of Regulatory Agencies (DORA), after a candidate passes a licensing exam and satisfies the state's other licensing requirements. The CO Life & Health case studies are 5 cases and about 3,591 words.
1The Single-Premium Exchange on a Declining UL
Dana, age 62, owns a universal life contract with a 250,000 death benefit, 62,000 of cash value, and a 41,000 cost basis. She pays 3,200 a year, and the current illustration shows the policy lapsing at age 79 if crediting rates hold.
714 words, about 4 min2Affordability, the Family Glitch, and the Cost-Sharing Cliff
The Whitfields - Marcus (46), Elena (44), and two children (11 and 8) - live in Fort Collins. Marcus's employer offers employee-only coverage at 7,900 a year; the plan's actuarial value is 58% and no dependent coverage is offered at all.
707 words, about 4 min3Conversion Deadline Versus an Underwriting Decision
Ray, age 58, retires June 30. His employer pays for 400,000 of group term life, and the certificate allows conversion within 31 days of termination at 1.85 per 1,000 per month for a five-year term policy.
730 words, about 4 min4Balance Billing, an OOP Max, and a Retrospective Denial
Priya holds a non-grandfathered bronze plan through Connect for Health Colorado: 7,500 deductible, 40% coinsurance after the deductible, 9,200 individual out-of-pocket maximum. She had an emergency appendectomy at an in-network hospital.
679 words, about 3 min5Funding a Three-Owner Buy-Sell When One Owner Is Uninsurable
North Fork Woodworks is an LLC taxed as a partnership with three equal members: Ana (39), Ben (52), and Cal (61). The operating agreement obligates the business to buy out a deceased member's interest at an appraised value of 600,000 per member.
761 words, about 4 min