NM Life & Health case studies
NM Life & Health · Put your knowledge to work in context.
The New Mexico Life and Health Producer License is the credential that allows an individual to be licensed in New Mexico to sell life insurance and health insurance products in the state. Licensing and oversight are handled by the New Mexico Office of the Superintendent of Insurance (OSI), which describes its role plainly: it oversees and regulates most kinds of insurance in New Mexico and licenses the individuals and agencies that sell insurance in the state, including private health and life insurance. The NM Life & Health case studies are 5 cases and about 3,868 words.
1Rosa's Replacement: Saving $2,400 a Year at What Cost?
Rosa, 62, has held a 250,000 whole life policy for 11 years. The premium is 9,200 a year, cash value is 38,000, and there is a 31,000 policy loan against it.
822 words, about 4 min2Buy-Sell Funding, Insurable Interest, and a Stranger With a Check
Dev and Marcus own a 50/50 HVAC company worth roughly 2 million. Their buy-sell agreement says that on a death the survivor buys the decedent's shares at fair market value, but neither has funded the agreement.
842 words, about 4 min3Elena, 79, and the 'Free Money' Bonus
Elena is 79 and lives on 1,900 a month in Social Security plus a small pension. She has 150,000 in a fixed deferred annuity that is nine years old, past its surrender charge period, and crediting 3%.
697 words, about 3 min4Two Plans, One Child: Who Pays First?
Ana, age 9, is covered as a dependent under two health plans. Her parents divorced two years ago, and the decree says nothing about health coverage.
669 words, about 3 min5Gil's Lapsed License, Tara's 'You're Covered,' and a 20% Bonus
Gil has held a New Mexico life and health producer license for 12 years. His renewal date passed three months ago.
838 words, about 4 min