MD Life & Health case studies
MD Life & Health · Put your knowledge to work in context.
The Maryland Life & Health insurance producer license is the credential that allows an individual to solicit, negotiate, and sell life insurance and health insurance products in Maryland. It is administered under the authority of the Maryland Insurance Administration, whose Producer Licensing unit handles initial licensing and registration as well as renewal of existing qualifications. The MD Life & Health case studies are 5 cases and about 3,576 words.
1The Premium Paid to the Producer: Coverage, Commingling, and a Referral Fee
Priya is a Maryland-licensed life and health producer. In March her client Walter, 61, agreed to buy a 400,000 20-year term policy.
640 words, about 3 min2Funding a Two-Partner Buy-Sell When One Partner Cannot Be Insured
Lindqvist are 52-year-old equal partners in a Towson dental practice valued at 2.4 million, or 1.2 million per interest. They want a written buy-sell agreement so that on a death the survivor, or the practice, purchases the decedent's interest.
735 words, about 4 min3Grace Period, Policy Loan, and a BAC Exclusion: What Actually Gets Paid
Marcus, 47, owned a 750,000 whole life policy with a 250,000 accidental death benefit rider. In November he borrowed 62,000 against the policy; by the time of his death 2,100 of interest had accrued and was unpaid.
666 words, about 3 min4A 1035 Exchange at 71: Weighing Guaranteed Income Against a New Surrender Period
Eleanor, 71, owns a nonqualified fixed deferred annuity with a 420,000 contract value and a 250,000 investment in the contract. It is in year 3 of a 7-year surrender charge schedule; the current charge is 5%.
760 words, about 4 min5Small Maryland Employer: A Delayed Claim, a Mid-Year Marriage, and a Resignation
Custom Machine Works in Frederick, Maryland, employs 14 full-time workers and 3 part-time machinists who each work 25 hours per week. The owner buys a fully insured group health plan from a Maryland carrier.
775 words, about 4 min