FLMI case studies
FLMI · Put your knowledge to work in context.
The Fellow, Life Management Institute (FLMI) is a professional designation awarded by LOMA, the insurance education and trade association that operates alongside LIMRA as part of LL Global. LOMA describes the FLMI as part of its Professional Growth track, positioned above entry-level credentials such as the FLMI Level 1 Certificate in Insurance Fundamentals. The FLMI case studies are 5 cases and about 4,163 words.
1Channel Profitability and the Single-Rate Filing Constraint
Northbridge Life sells a fixed-benefit hospital indemnity policy through two distribution channels. Channel A - a call-center agency working purchased lead lists - produced 7,400 of last year's 12,000 new policies.
811 words, about 4 min2Fund-and-Stop Universal Life for a Business Owner
Robert, age 58, owns a manufacturing company and holds a 1.5 million 10-year term policy that expires at age 68. His estate-planning attorney wants 1 million of permanent death benefit in place to age 90 for estate liquidity, and Robert also wants access to cash value at 70 to help fund a buy-sell obligation.
885 words, about 4 min3Residual Disability and the Own-Occupation Clock
A group long-term disability plan pays 60% of pre-disability monthly earnings to a 10,000 maximum, after a 90-day elimination period. "Own occupation" applies for 24 months, then "any occupation." The plan offsets other income benefits dollar for dollar and guarantees a minimum monthly benefit of 10% of the gross benefit.
790 words, about 4 min4A Replacement Case in the Making
A producer is proposing to replace client Ellen's 11-year-old whole life policy: 250,000 death benefit, 86,000 cash value, a 12,000 outstanding policy loan, 6,200 annual premium, dividends currently purchasing paid-up additions. The replacement is a 400,000 universal life policy with a 9,800 annual premium, illustrated at the company's maximum illustrated rate of 6.5%.
818 words, about 4 min5RBC Headroom Versus a Growth Plan
Cedar Mutual's total adjusted capital is 180 million against an authorized control level of 120 million, an RBC ratio of 150%. The board has approved a plan adding 40 million of new 20-year level-premium term, which the CFO expects to produce a first-year statutory loss of 11 million from reserve and acquisition strain.
859 words, about 4 min