FL Life & Health case studies
FL Life & Health · Put your knowledge to work in context.
The Florida Life & Health licensing exam is the state exam a candidate must pass to be licensed by the Florida Department of Financial Services to sell life insurance, health insurance, and related products such as annuities. It is intended for new agents entering the insurance business - career changers, agency hires, and anyone building a book of life and health business in Florida - and it is delivered through Pearson (the program page is branded Pearson VUE, which the company says "will now be known as Pearson Professional Assessments"). The FL Life & Health case studies are 5 cases and about 3,698 words.
1The Pending Stress Test
Dana, 47, applies for a $750,000 20-year term policy on March 3 and lists her only medical history as "occasional heartburn, no treatment." Two days before applying she had an abnormal EKG, and her physician scheduled a cardiac stress test for March 18. The insurer issues the policy at standard rates on March 20 without ordering medical records.
819 words, about 4 min2The Beneficiary Nobody Updated
Robert, a Floridian, bought a 500,000 whole life policy in 2009 naming "Mary Smith, wife of the insured" as primary beneficiary and "my children equally, per stirpes" as contingent. Robert and Mary divorced in 2014; he married Anne in 2016 and never changed the designation.
690 words, about 3 min3Paying the Daughter With Long-Term Care Insurance
Eleanor, 78, has owned a tax-qualified long-term care policy for 12 years. Benefits: 4,500 monthly maximum, 90-day elimination period, 3-year benefit period, 5% compound inflation, reimbursement basis, and home care reimbursed at 50% of the monthly maximum.
689 words, about 3 min4The Bonus That Isn't Free
Frank, 71, owns a nonqualified fixed deferred annuity he bought in 2015 for 180,000; it is now worth 250,000. He takes no withdrawals.
719 words, about 4 min5Fourteen Employees and a Resignation
A Florida restaurant with 14 full-time employees buys fully insured major medical and a 150,000 group term life policy; the employer pays the entire life premium. Priya, a 47-year-old server with four years of service, resigns in March for a job with no benefits.
781 words, about 4 min