NJ Life & Health case studies
NJ Life & Health · Put your knowledge to work in context.
The New Jersey Life and Health Insurance Producer license is a state credential that authorizes an individual to sell life insurance, accident and health insurance, and annuity products in New Jersey. Candidates pursue it to begin a career as an agent, broker, or benefits producer, or to add a line of authority to an existing insurance license. The NJ Life & Health case studies are 5 cases and about 3,507 words.
1The Universal Life That Stops Paying for Itself
Marcus is 52 and owns a 400,000 universal life policy issued nine years ago. Its accumulation value is 21,000, and he carries a 15,000 outstanding policy loan at 6% that accrues annually.
704 words, about 4 min2Waiver of Premium, a Missed Grace Period, and a Part-Time Return to Work
Diane, 47, owns a 300,000 whole life policy with a 4,200 annual premium due each June 1 and a 31-day grace period. It carries a waiver of premium rider with a six-month elimination period and a separate $2,000 monthly disability income rider with a 90-day elimination period and an own-occupation definition for the first 24 months.
695 words, about 3 min3A 71-Year-Old, a Ten-Year Surrender Charge, and $1,500 a Month
Rosa is 71 and has just retired. She rolled 350,000 from a 403(b) into an IRA and needs about 1,500 a month of dependable income starting now, on top of Social Security.
668 words, about 3 min4Fourteen Employees, a Pregnancy Leave, and a 23-Year-Old Dependent
Tanya has worked full time for four years at a New Jersey bakery that employs 14 people, all covered on the company's group health plan. She is 34 and pregnant; on her doctor's orders she stops working at 28 weeks and goes on New Jersey Temporary Disability Insurance.
697 words, about 3 min5A Replacement Sale, Day Eight of the Free Look, and a Move to Pennsylvania
Ann has held a New Jersey life and health producer license since 2019. On March 4 she takes an application for a 250,000 whole life policy from Mr.
743 words, about 4 min