SC Life & Health case studies
SC Life & Health · Put your knowledge to work in context.
The South Carolina Life & Health Insurance Producer License Examination is the licensing test that individuals must pass before the South Carolina Department of Insurance (SCDOI) will issue a producer license authorizing them to sell life insurance, health insurance, or both. It is intended for new agents entering the insurance business, career changers moving into financial services, and anyone who needs to add a life or health line of authority to an existing license. The SC Life & Health case studies are 5 cases and about 3,455 words.
1The Producer Who Moved, Replaced, and Mingled
Dana holds a resident life and health license in State A. She moved to State B in March and continued selling there under her State A nonresident license.
732 words, about 4 min2Two Years, Thirty-One Days, and a Misstated Age
Marcus, actually 58, applies for a 500,000 20-year term policy and writes his age as 52 - the age he says he "feels." The policy issues with a 300 monthly premium based on age 52. The insurer's rate table shows 360 per month at age 58.
614 words, about 3 min3The 1035 Exchange at 68
Rita, 68, owns a nonqualified fixed deferred annuity worth 300,000 with a 180,000 cost basis. She has held it nine years, and its surrender charges have fully expired.
680 words, about 3 min4The Surgeon Who Can Teach
Patel, 47, is a vascular surgeon earning 20,000 a month. She owns an individual disability policy: 12,000 monthly benefit, 90-day elimination period, own-occupation definition for the first 60 months then any-occupation, 3% compound cost-of-living rider, and a residual benefit that pays proportionally to income lost.
688 words, about 3 min5Medicare, the Retiree Plan, and a One-Time Capital Gain
Eleanor, 67, retired at 65 and enrolled in Medicare Parts A and B. She kept her former employer's retiree health plan, which pays secondary to Medicare and includes creditable prescription drug coverage.
741 words, about 4 min