CT Life & Health case studies
CT Life & Health · Put your knowledge to work in context.
The Connecticut Life & Health Insurance Producer License Exam is the licensing assessment a candidate must pass to be issued a Connecticut insurance producer license with life and health lines of authority. It is intended for people entering the insurance profession - career changers, agency staff, and employees of insurers and brokerages - who will sell, solicit, or negotiate life insurance, annuities, and health insurance products in Connecticut. The CT Life & Health case studies are 5 cases and about 4,138 words.
1The 1035 Replacement That Skipped Every Notice
Priya, 68, owns a 250,000 whole life policy issued in 2009 with a 61,000 cash value and a 4,900 annual premium. In March her agent, Dennis, sells her a 400,000 universal life policy with a 15-year surrender charge schedule, funded by a 1035 exchange from the old contract.
807 words, about 4 min2The Conditional Receipt, the Undelivered Policy, and the Undisclosed Hospital Stay
Marcus, 47, applies for a 500,000 20-year term policy on June 3 and pays the 1,140 annual premium. The agent gives him a conditional receipt providing that coverage begins on the date of the application provided the company would have issued the policy as applied for and the medical requirements are completed.
806 words, about 4 min3Elaine's Roof: Withdrawal, 1035 Exchange, or Single Premium Life
Elaine, 71, bought a nonqualified deferred annuity in 2012 with a single 75,000 payment. It is now worth 120,000; she has never annuitized and has taken no withdrawals.
817 words, about 4 min4Sofia's Surgery: Two Group Plans and a Job Loss at a 12-Person Employer
Maria works for a 12-employee landscaping company in Hartford that offers a fully insured group major medical plan with a 1,500 family deductible that has already been satisfied this year and 80% coinsurance in network. She is also covered as a dependent under her husband's plan through a 200-employee employer, which has no deductible and pays 90% in network.
846 words, about 4 min5The Wrong Birth Year, the Reinstatement, and a Death by Suicide
Robert bought a 300,000 whole life policy in 2019 for a 4,800 annual premium. On the application he wrote his birth year as 1965, making him 54, when he was actually born in 1963, making him 56.
862 words, about 4 min