DC Life & Health case studies
DC Life & Health · Put your knowledge to work in context.
The DC Life & Health Insurance Producer License is a District of Columbia credential that authorizes a person to solicit, negotiate, and sell life insurance and health insurance products to DC consumers. It suits career changers entering insurance sales, agency staff who need a licensed producer on staff, employee-benefits and financial-services professionals expanding into insurance products, and producers licensed elsewhere who want to add the District. The DC Life & Health case studies are 5 cases and about 3,896 words.
1Waiver of Premium, Policy Debt, and an Accelerated Death Benefit
Diane, 52, bought a 500,000 whole life policy three years ago. The annual premium is 9,400, paid at 820 a month.
791 words, about 4 min2Surrender, Exchange, or Annuitize: A $400,000 Nonqualified Annuity
Robert, 68, owns a nonqualified deferred annuity with a 400,000 account value and 180,000 of investment in the contract; the original surrender charge period has expired. An agent proposes a 1035 exchange into a new contract that credits an 8% premium bonus but imposes a fresh 7-year surrender schedule (7% in year 1, declining 1% per year) plus a market value adjustment.
792 words, about 4 min3Deductible, Out-of-Pocket Maximum, and a Missed Premium on a Subsidized Plan
Mark, 41, buys an ACA marketplace silver plan with a 3,000 deductible, 20% coinsurance, a 7,500 in-network out-of-pocket maximum, 40 primary care copays that are not subject to the deductible, and 15 generic drug copays. He receives an advance premium tax credit.
730 words, about 4 min4Group Term Life Imputation, a Lost Disability Claim, and COBRA
Lee, 47, has worked four years for a 45-employee company. The employer-paid group term life plan provides 150,000 of coverage.
727 words, about 4 min5Medicare Advantage vs. Medigap, a Part D Penalty, and an HSA Mistake
Alice, 67, retired last year and is enrolled in Medicare Parts A and B. She has 200,000 of pension and IRA income and, because of a rental property sale, her 2023 modified AGI was 210,000; her 2024 income dropped to 75,000.
856 words, about 4 min