MN Life & Health case studies
MN Life & Health · Put your knowledge to work in context.
The Minnesota Life & Health insurance producer license qualifies you to solicit, negotiate, and sell life insurance and health insurance products in Minnesota, and it is the credential most people pursue when they want to work as an agent, broker, or producer in the state. Candidates typically include career changers entering insurance sales, agency staff who need to be licensed to discuss products with clients, and employees of carriers or brokerages who advise on life, annuity, accident and health, disability income, and long-term care coverage. The MN Life & Health case studies are 5 cases and about 3,884 words.
1The 26th Month: Suicide, Incontestability, and an Omitted Cardiac History
Marcus, 51, applied for a $750,000 20-year level term policy in March 2023 and answered 'no' to the question asking about hospitalizations or treatment in the previous five years. In fact he had been treated for atrial fibrillation 18 months earlier.
718 words, about 4 min2A Nursing-Home Cash Need and a Producer's 1035 Recommendation
Eleanor, 74, owns a nonqualified fixed deferred annuity with a 180,000 account value and 150,000 of basis. The contract is in year 3 of a 7% surrender charge that drops one point each year, permits a 10% free withdrawal annually, and waives surrender charges if the owner is confined to a nursing facility for 30 days.
740 words, about 4 min3Coordination of Benefits, a Prior-Authorization Denial, and an HSA That Isn't Allowed
Priya and Dev are married with two children. Priya's employer HDHP covers the whole family: 3,500 deductible, 20% coinsurance, 7,000 family out-of-pocket maximum, HSA-qualified, preventive care at 100%.
856 words, about 4 min4Own-Occupation for 24 Months: A Dentist's Return to Work
Tom, 54, is a solo endodontist earning about 22,000 a month. Four years ago he bought an individual disability policy: 9,000 monthly benefit, 90-day elimination period, benefits to age 65, an own-occupation definition for the first 24 months and any-occupation after that, a residual disability rider paying a proportional benefit when income loss is 20% or more, and no cost-of-living rider.
766 words, about 4 min5The $250,000 Sale to a 71-Year-Old Who Needed $18,000
Nina has held a Minnesota life and health license for three years. In March she sells Walter, age 71, a 250,000 whole life policy with a 10-pay premium of 14,000 a year.
804 words, about 4 min