OR Life & Health case studies

OR Life & Health · Put your knowledge to work in context.

The Oregon Life & Health producer license is the credential that lets you sell, solicit, and negotiate life insurance, health insurance, or both in Oregon. It is issued by the Oregon Division of Financial Regulation (DFR), the state agency that licenses insurance producers; the licensing exam itself is delivered through a professional testing vendor (Pearson VUE, now branded Pearson Professional Assessments). The OR Life & Health case studies are 5 cases and about 3,905 words.

Replacing a 27-Year-Old Whole Life Policy for a Client With a Recent Stroke

Margaret, age 71, has held a 150,000 whole life policy since 1998. It carries 48,000 of cash value against 70,200 of premiums paid, and her current premium is 2,650 a year.

825 words, about 4 min 2

Lapse, Reinstatement, and a Misstatement on the Reinstatement Application

Raymond bought a $300,000 whole life policy in March 2019 and paid monthly by automatic bank draft. In October 2023 the draft failed after he changed banks, and the premium went unpaid through the 31-day grace period, so the policy lapsed.

737 words, about 4 min 3

A 1035 Exchange Designed to Fail: Overfunding, a Policy Loan, and the 7-Pay Test

Devon, age 58, owns a 500,000 universal life policy with a 210,000 cash value, a 60,000 outstanding loan, and 120,000 of cumulative basis. He wants to move the money into a new indexed universal life policy funded with 100,000 a year for seven years, then take tax-free income through policy loans at age 65 when he retires.

813 words, about 4 min 4

Residual Disability, Social Security Offset, and a Change in the Definition of Disability

Chen, an oral surgeon, is 41 and earns 24,000 a month after business expenses. Her individual disability policy pays 8,000 a month after a 90-day elimination period, defines disability as own occupation for 24 months and any occupation thereafter, includes a residual disability rider requiring at least a 20% income loss and paying proportionally, and includes a Social Insurance offset rider that reduces the benefit by any SSDI received.

731 words, about 4 min 5

HSA Contributions, Medicare Enrollment, and a 45-Employee Employer Plan at Age 65

Nadia turns 65 on June 14, 2025. She works full time for a 45-employee employer and is enrolled in its qualifying high-deductible health plan with a 3,000 deductible.

799 words, about 4 min