TX Life & Health case studies
TX Life & Health · Put your knowledge to work in context.
The Texas Life & Health insurance agent license - often called the Texas General Lines Life, Accident, and Health license - is a state credential that allows a person to solicit, sell, and service life insurance, accident and health insurance, and annuities in Texas. It is designed for new agents entering the insurance business, career changers, and producer-support staff who need to be licensed. The TX Life & Health case studies are 5 cases and about 3,434 words.
1Terminal Diagnosis, an Irrevocable Beneficiary, and an Unpaid Policy Loan
Delores, 63, owns a 250,000 whole life policy insuring her husband Marcus, 66. Their son Andre, 34, is named irrevocable beneficiary.
639 words, about 3 min2A Deferred Annuity Withdrawal, a 1035 Exchange, and a Stray MEC
Sal, 67, bought a nonqualified fixed deferred annuity 12 years ago with a single 120,000 premium. It is now worth 180,000, but the surrender value is 172,000 because of a declining surrender charge.
667 words, about 3 min3A Surgeon's Own-Occupation Period, Residual Benefits, and an SSDI Denial
Priya, 44, is a hand surgeon earning 22,000 a month. Two years ago she bought 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 that changes to any-occupation thereafter, and a residual disability rider that pays in proportion to lost income.
647 words, about 3 min4COBRA at a 34-Person Firm, an Aging-Out Dependent, and a New Spouse
Wellington Design, a Texas architectural firm, has 34 full-time employees and sponsors a fully insured group medical plan. The firm pays 70% of the premium; employees pay 30% through a §125 cafeteria plan.
754 words, about 4 min5Reinstatement, Incontestability, and a Back Claim on an Individual Disability Policy
Elena, 51, bought a noncancelable individual disability income policy on January 10, 2022. On the application she answered 'no' to a question asking about prior back conditions, although she had seen a chiropractor several times in 2021 for recurring low back pain.
727 words, about 4 min