ME Life & Health case studies
ME Life & Health · Put your knowledge to work in context.
The Maine Life and Health Producer License is the resident credential that allows an individual to sell, solicit, and negotiate life insurance and health insurance products in Maine. It is the entry point for people moving into insurance sales careers - career agents, independent brokers, agency staff who transact business, and financial professionals who add life or health products to their practice. The ME Life & Health case studies are 5 cases and about 4,450 words.
1The Premium That Sat in the Operating Account
Pat holds a life license and an active appointment with Insurer X in State A, with a clean 11-year record. On March 3 a client gives Pat a 4,800 check payable to Insurer X for an annual premium.
881 words, about 4 min2Replacing a Ten-Year Term Policy Eight Months Before a Death Claim
Dana, age 58, has held a 500,000 20-year level term policy with Insurer A since June 2014 - renewable to 2034 and convertible to age 65. In January 2025 a producer shows her a new 500,000 universal life policy from Insurer B, with a two-year contestability period and a two-year suicide clause.
849 words, about 4 min3The 9-Year Surrender Schedule Sold to a 74-Year-Old
Walter, age 74, is a widower with 300,000 in a CD maturing next month at 4.2%, and 180,000 in a variable annuity he bought in 2016 that carries a 3% surrender charge ( 5,400) that disappears in 14 months. He has 2,400 per month of Social Security and a 1,100 monthly pension, and says he needs about 1,500 more per month starting next year to stay in his home.
885 words, about 4 min4Retiring at 68 With No Part B and a Diabetes Diagnosis
Rosa turned 65 in March 2022 but kept working and never enrolled in Medicare Part B because she had employer group health coverage through her own job at a firm with 200 employees. She retired on September 30, 2025, and her group coverage ends October 31, 2025.
854 words, about 4 min5A Surgeon Who Can Still Work, and a Mother Who Cannot Bathe Herself
Marcus, 52, is a vascular surgeon earning 25,000 per month. In March 2025 he injures his dominant hand and stops operating.
981 words, about 5 min