ND Life & Health case studies
ND Life & Health · Put your knowledge to work in context.
The North Dakota Life & Health producer license is the credential that allows a person to sell life insurance, annuities, and health insurance products in North Dakota. Licensing is handled by the North Dakota Insurance & Securities Department, which publishes separate pages for resident producers, non-resident producers, business entities, continuing education, appointments, and fees. The ND Life & Health case studies are 5 cases and about 3,971 words.
1The Seminar Replacement: Disclosure, Fees, and Department Exposure
A North Dakota producer licensed since 2011 meets a 74-year-old Fargo client at a retirement seminar. She owns a 22-year-old whole life policy with a 150,000 death benefit and 38,000 of cash value.
796 words, about 4 min2The Reinstated Term Policy: Which Defense Still Works?
An application for a $500,000 20-year term policy is signed February 2, 2022. The policy is issued February 18, 2022 with that policy date and delivered February 26.
748 words, about 4 min3The Widow, the Ten-Year Annuity, and the 1035 Exchange
A North Dakota producer meets a 79-year-old widow at a seminar. She has 180,000 in a maturing three-year CD, Social Security income of 2,400 a month, and expects to need roughly 1,850 a month from savings within 12 to 18 months for assisted living.
846 words, about 4 min4The Fargo Family: Employer Coverage, Premium Tax Credits, and Medicaid
A Fargo household has two adults (ages 41 and 39) and two children (12 and 8). Both adults are self-employed, and projected household income for the year is 72,000, which is 231% of the federal poverty level for a family of four ( 31,200).
734 words, about 4 min5The Surgeon's Hand: Elimination Period, Residual Benefit, and a Hidden Back Surgery
An orthopedic surgeon, age 44, nets 18,000 a month. Fourteen months ago she bought an individual disability income policy: 8,000 monthly benefit, 90-day elimination period, own-occupation for 24 months and any-occupation thereafter, a residual disability rider paying in proportion to lost earnings once income falls by more than 20%, and a 60% earnings test within the any-occupation definition.
847 words, about 4 min