LUTCF case studies
LUTCF · Put your knowledge to work in context.
The Life Underwriter Training Council Fellow (LUTCF) is a professional designation in the life insurance and financial services field, historically associated with The American College of Financial Services. It is generally pursued by life insurance agents, producers, and advisors who want structured grounding in the products they sell - life insurance, annuities, health and employee benefits, business insurance, and the ethical standards expected of a practicing professional. The LUTCF case studies are 5 cases and about 4,042 words.
1Walter Wants Out: Loan, Basis, and a Replacement Decision
Walter, 68, retires in March and wants to stop paying the 7,400 annual premium on the whole life policy he bought in 1998. It is not a modified endowment contract.
784 words, about 4 min2Marlowe Sign Co.: Renewal Shock and an ICHRA Proposal
has 19 full-time employees (average age 41; four are over 58) and 6 part-time employees, all under 30. It offers a traditional PPO, pays 70% of the 9,900 average single premium, and the renewal is +21%.
782 words, about 4 min3Three Owners, One Uninsurable, and a Buy-Sell That Never Funds
Ridgeline Fabrication is owned 50/30/20 by Sam (55), Priya (58), and Doug (63). A recent valuation puts the company at 4.2 million.
788 words, about 4 min4Ruth, 79, and the $400,000 Annuity
Ruth, 79, is a widow with 450,000 in liquid assets and a 310,000 house with no mortgage. Six months ago her physician noted "mild cognitive impairment - monitor." Last week Ruth asked you to place 400,000 into a fixed indexed annuity with an income rider and a 9-year surrender schedule, owned by her revocably, with her son from her first marriage as beneficiary.
827 words, about 4 min5The ILIT That Isn't Quite Right
Harlan, 71, is worth 6.8 million, with two adult children from his first marriage and a second wife, Lena, 62, whom he wants to be able to stay in the house. His estate plan uses a 2 million ILIT for the children.
861 words, about 4 min