NC Life & Health case studies
NC Life & Health · Put your knowledge to work in context.
The North Carolina Life & Health agent license is the credential that allows a producer to solicit, negotiate, and sell life, accident, and health insurance products in North Carolina. It is issued by the North Carolina Department of Insurance (NCDOI), which also sets the licensing rules, continuing-education obligations, and market-conduct standards tested on the exam; the test itself is delivered through Pearson, which now brands its testing business as Pearson Professional Assessments. The NC Life & Health case studies are 5 cases and about 3,942 words.
1The $100 Gas Card: Rebating, Referral Fees, and Commission Splits
Marcus holds an active North Carolina life and health producer license and is appointed with three Medicare carriers. For the fall open enrollment period he launches three promotions: a flyer offering a 100 gas card to anyone who submits an application for a Medicare supplement policy before December 31; a promise to pay the first month's premium for any client who enrolls through him; and an arrangement with a tax preparer who holds no insurance license, under which Marcus pays her 50 for each client she sends who actually applies (she never discusses policy terms or premiums).
645 words, about 3 min2Replacing a Six-Year-Old Whole Life Policy: Free Look, Contestability, and Tax
Athena, 58, bought a 250,000 whole life policy six years ago for 180 a month. She has paid 12,960 in premiums and the policy now holds 38,000 of cash value.
758 words, about 4 min3Single-Premium UL and an Investor-Funded Policy: MEC and STOLI
Dana, 63, owns a fixed deferred annuity worth 300,000 with a 150,000 cost basis. Her agent proposes a 1035 exchange into a single-premium universal life policy with a 500,000 death benefit, funded entirely from the annuity.
813 words, about 4 min4Medicare and the Group Plan: Coordination of Benefits, HSA Eligibility, Part B
Ray, 68, is a full-time warehouse supervisor for a North Carolina manufacturer with 25 employees. He is enrolled in the company's fully insured PPO (individual deductible 1,500; out-of-pocket maximum 4,500) and, because he kept working past 65, he also has Medicare Part A and enrolled in Part B last year during a special enrollment period.
858 words, about 4 min5COBRA After a Disability Leave: Election, the 29-Month Extension, and Disability Income
Priya, 41, is marketing director at a North Carolina firm with 40 employees and a fully insured group health plan. Multiple sclerosis forces her to stop working; her last day is March 31 and coverage ends that day.
868 words, about 4 min