OK Life & Health case studies
OK Life & Health · Put your knowledge to work in context.
The Oklahoma Life & Health producer license is issued by the Oklahoma Insurance Department (OID) through its Licensing and Education Division, which the Department describes as overseeing "the issuance of new and renewal licenses for both resident and non-resident producers, adjusters and business entities." This page prepares candidates for the Oklahoma Life, Accident & Health producer examination, the licensing step for people who want to sell life insurance and accident and health insurance products in Oklahoma, whether as new entrants or as currently licensed producers adding a line of authority. The exam splits into two equally weighted content areas: Life Insurance (50%) and Accident & Health Insurance (50%). The OK Life & Health case studies are 5 cases and about 3,048 words.
1The Loan-Heavy 1035 Exchange
Marcus, 58, owns a 500,000 universal life policy issued in 2011. The account value is 118,000, he has a 64,000 outstanding policy loan at 6%, and his cost-of-insurance charges rose again this year.
665 words, about 3 min2The Beneficiary Form That Arrived Too Late
Harold, 71, owns a 400,000 whole life policy. The beneficiary designation on file reads 'My estate.' His will, executed two years ago, leaves everything to his second wife, Diane.
635 words, about 3 min3Suicide, Reinstatement, and Two Contestability Clocks
Denise, 44, applied for a 600,000 term policy in January 2022. The application asked whether she had ever been treated for depression or hospitalized for a mental-health condition; she answered no.
611 words, about 3 min4Residual Disability, Social Security, and the Surgeon Who Teaches
Priya, 52, is an orthopedic surgeon earning 30,000 per month. She owns an individual disability income policy with an 8,000 monthly benefit, a 90-day elimination period, an own-occupation definition for the first 24 months, and a residual disability rider.
571 words, about 3 min5The Heart Attack, the Tree, and the AD&D Exclusions
Daniel, 47, had a history of coronary artery disease and hypertension; his records show a 70% blockage and medication noncompliance. He was driving alone on a highway when his car left the road and struck a tree; he died at the scene.
566 words, about 3 min