WI Life & Health case studies
WI Life & Health · Put your knowledge to work in context.
The Wisconsin Life and Health Insurance Producer License is the credential that allows an agent to sell life insurance, annuities, and accident and health products in Wisconsin. It is aimed at new entrants to the insurance business, career changers, and currently licensed staff who need to add a life or health line of authority. The WI Life & Health case studies are 5 cases and about 4,066 words.
1The Replacement Dana Cannot Quite Justify
Dana has held a Wisconsin life insurance producer license since 2019 and is appointed by three carriers. In March she meets Ruth, 68, who owns a 180,000 fixed deferred annuity bought four years ago (surrender charge 9,000, expiring in 14 months) and a 250,000 15-year term policy issued in 2016.
738 words, about 4 min2Nineteen Months In: Grace Period, Incontestability, and a Terminal Diagnosis
Marcus, 58, bought a 500,000 universal life policy 19 months ago and answered 'no' to the tobacco question; in fact he had vaped daily and used nicotine gum for six years. His wife is the beneficiary.
778 words, about 4 min3Priya's Three Buckets: Which One Pays for the Kitchen?
Priya turned 65 in March and enrolled in Medicare Parts A and B. She retired in January from a 140,000 job.
790 words, about 4 min4Dr. Ellis's Three Policies and One Bad Disc
Ellis, 44, is a periodontist who owns an S corporation practice with five employees in Wisconsin and pays himself a 230,000 salary. He carries three policies: (1) an individual disability policy issued in 2019 - 6,000 a month, 90-day elimination, own-occupation for 60 months then any-occupation, 2,400 annual premium paid from his personal checking account; (2) a group long-term disability plan paid entirely by the practice - 60% of base salary capped at 8,000 a month, 90-day elimination, own-occupation for 24 months then any-occupation, offsetting Social Security and other group disability but not individual policies; (3) a practice overhead expense policy - $5,000 a month, 30-day elimination, 12-month benefit period, premiums paid by the practice.
868 words, about 4 min5Northline Tool & Die: Medicare, a Mid-Treatment Carrier Switch, and an 80/20 Buy-Sell
Northline Tool & Die, Inc. is a Wisconsin C corporation with 34 full-time employees.
892 words, about 4 min