WV Life & Health case studies
WV Life & Health · Put your knowledge to work in context.
The West Virginia Life & Health producer license is a state credential that authorizes an individual to sell, solicit, and negotiate life insurance and health insurance products in West Virginia. Licensing authority rests with the West Virginia Offices of the Insurance Commissioner, whose website publishes consumer education material on life, health, auto, and home coverage plus an insurance company and licensee lookup tool. The WV Life & Health case studies are 5 cases and about 4,162 words.
1The Producer Who Treated Appointment as Paperwork
Marcus holds a valid West Virginia life and health producer license. He is appointed by Insurer A, but since March he has been submitting applications to Insurer B, telling clients that 'appointment is just paperwork.' In April he deposited a 2,400 initial premium into his agency's operating account and forwarded it to Insurer B 26 days after receipt.
749 words, about 4 min2The Seminar Producer and the Twelve-Year-Old Whole Life Policy
Diane, 58, owns a 12-year-old participating whole life policy: 250,000 face, 41,000 cash value, 68,000 total premiums paid, and a 9,000 policy loan. It carries a chronic-illness accelerated benefit rider.
814 words, about 4 min3The Disability That Nobody Reported
Andre, 44, bought a 300,000 whole life policy six years ago with a waiver of premium rider and a 31-day grace period. He was hurt in a car accident on November 15 and has not worked since; he never told the insurer.
788 words, about 4 min4The Oral Surgeon With Two Disability Plans That Do Not Stack
Sarah Lin is a 46-year-old oral surgeon earning 18,000 a month. She owns an individual own-occupation disability policy: 7,000 monthly benefit, 90-day elimination period, benefit period to age 65, residual disability rider, and a provision stating there is no offset for other income.
826 words, about 4 min5Working Past 65 With an HSA and a Spouse on the Way to Medicare
Walter turned 65 two years ago and still works full time for a machine shop with 45 employees. He is enrolled in the company's group health plan, earns 78,000 a year, receives Social Security retirement benefits, and has contributed 4,300 a year to the company HSA since turning 65.
985 words, about 5 min