MT Life & Health case studies
MT Life & Health · Put your knowledge to work in context.
The Montana Life & Health producer license is the credential that permits a person to sell life insurance and health insurance products in Montana. Licensing is handled by the Montana Commissioner of Securities and Insurance (CSI), whose website includes a Producer, Adjuster & Consultant Licensing section, a Montana Insurance License Search, and a tool to print an insurance license. This page supports candidates preparing for the Montana life and health licensing exam - typically people entering a sales or advisory role with a carrier, agency, or brokerage, plus career changers moving into insurance. The exam is multiple choice and is organized here around eight topic areas: insurance regulation, general insurance concepts, life insurance basics, life policy provisions and riders, annuities, health insurance basics and policy provisions, disability income and medical expense insurance, and group health, federal tax considerations and other health topics. The MT Life & Health case studies are 5 cases and about 3,879 words.
1The Replacement Pitch: A 19-Year-Old Whole Life Policy vs. a New IUL
Denise, 66, has held a 250,000 whole life policy for 19 years. It has 62,000 of cash value, a 31,000 policy loan at 6%, and a 4,100 annual premium.
886 words, about 4 min2Reinstatement, Contestability, and a Misstated Birth Year
Marcus bought a 500,000 20-year term policy at age 41, naming his wife beneficiary. At 47 the policy lapsed for nonpayment.
653 words, about 3 min3Funding a $60,000 Repair from a Nonqualified Annuity at 74
Ruth, 74, owns a nonqualified deferred annuity purchased nine years ago for 150,000. The contract value is 214,000.
725 words, about 4 min4A Surgeon's Own-Occupation Policy, Group LTD, and a Partial Return to Work
Patel, 52, is an orthopedic surgeon earning 30,000 a month from her practice. She owns an individual noncancelable own-occupation disability policy: 12,000 monthly benefit, 90-day elimination period, benefit to age 65, and a residual disability rider requiring at least a 20% loss of income.
785 words, about 4 min5COBRA Election, the Birthday Rule, and a Son's Hospital Bills
Priya, 34, resigns on June 30 from a 240-employee employer with a fully insured group health plan; her coverage ends that day. The plan administrator mails her COBRA election notice on July 25.
830 words, about 4 min