LUTCF Course 3 case studies
LUTCF Course 3 · Put your knowledge to work in context.
LUTCF stands for Life Underwriter Training Council Fellow, a professional designation for insurance and financial-services practitioners whose work centers on life insurance, annuities, health and disability coverage, retirement and employee benefits, investments, estate planning, and practice management. Candidates are typically agents, brokers, and advisors building a planning-based practice rather than a product-only sales role. The LUTCF Course 3 case studies are 5 cases and about 3,966 words.
1Converting a Term Policy to Fund a Buy-Sell
Marcus, 57, owns 60% of a commercial HVAC company valued at 3.2 million; his partner owns 40%. Their buy-sell agreement requires each owner to carry 1.2 million of life insurance payable to the other.
796 words, about 4 min2Disability Income Gap for a Solo Dentist
Patel, 44, is a solo dentist with 260,000 of net income. Her employer-paid group long-term disability plan pays 60% of the first 120,000 of income, capped at 6,000 per month.
806 words, about 4 min3Retirement Plan Design for a 22-Employee Contractor
Ron, 54, owns 100% of a commercial electrical contractor with 22 employees and 1.6 million of annual payroll. Four employees, including Ron, are owners or family members and are highly compensated.
811 words, about 4 min4Concentrated Employer Stock and Retirement Income
Dana, 62, and Luis, 60, plan to retire in two years. They have 1.4 million investable: 420,000 of Dana's employer stock with an 80,000 basis, 600,000 in Luis's 401(k), 280,000 in a diversified taxable account, and 100,000 cash.
772 words, about 4 min5Blended Family, Special Needs, and Estate Tax
Eleanor, 68, lives in Massachusetts and is remarried to George, 72. Her assets include 3.0 million of brokerage assets, a 2.4 million home titled jointly with George, a 1.1 million IRA, and an 800,000 life insurance policy on her life that names her adult children as beneficiaries.
781 words, about 4 min