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Are Health Sharing Arrangement an Alternative to Traditional Health Insurance?

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At Least 1.7M Americans Use Health Sharing Arrangements, Despite Lack of Protections  byline: Markian Hawryluk , June 14, 2023  Reprinted with permission A new report has provided the first national count of Americans who rely on health care sharing plans — arrangements through which people agree to pay one another’s medical bills — and the …

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I just got licensed for life insurance and want to sell annuities, is there special training required?

Annuities, Annuity Producers, Annuity Suitability & Best Interest, Annuity Training, Education, Illinois, Insurance licensing, Life Insurance, Life Producers / By

YES, there is.  Listed below are the Illinois requirements: An insurance producer who engages in the sale of annuity products shall complete a one-time four- hour credit training course approved by the Department and provided by a Department-approved education provider. 2) Insurance producers who hold a life insurance line of authority after July 31, 2023 …

I just got licensed for life insurance and want to sell annuities, is there special training required? Read More »

Annuity Suitability & Best Interest Training in Illinois

Annuities, Annuity Suitability & Best Interest, Annuity Training, Illinois / By

.  An insurance producer who completed an annuity training course approved by the Department before August 1, 2023 shall, by February 1, 2024, complete either: A) A new four-credit training course approved by the Department that covers the required topics of subsection (b)(4); or B) An additional one-time one-credit training course approved by the Department …

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Requirements for Licensed Producers Moving into Illinois

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Illinois requires a letter of clearance from the home state of the producer as part of their requirements.  Producers do not have to first become non-resident producers in Illinois to apply for a resident license.  There is a paper application and a licensing fee of $215 required.  Another requirement is the completion of Annuity Suitability …

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No Surprise Medical Bill -New Federal Law

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As of January 1, 2022, consumers have new billing protections when getting emergency care, non-emergency care from out-of-network providers at in-network facilities, and air ambulance services from out-of-network providers. Through new rules aimed to protect consumers, excessive out-of-pocket costs are restricted, and emergency services must continue to be covered without any prior authorization, and regardless …

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Department of Labor (DOL) Fiduciary Rule and Impartial Conduct Standards (PTE84-24)

Annuities, Annuity Producers, Annuity Suitability & Best Interest, Annuity Training, Arkansas, Colorado, Idaho, Illinois, index annuities, Indiana, Iowa, IRA Pension Limits, IRS Contributions Limits, Kansas, Louisanna, Mississippi, Missouri, Nebraska, North Carolina, North Dakota, Oregon, Rhode Island, South Dakota, Virigina, Washington, West Virginia, Wisconsin, Wyoming / By

Beginning February 16, 2021, the provisions of the DOL’s new Fiduciary Rule became effective, including the expanded definition of fiduciary and Impartial Conduct Standards under new and amended prohibited transaction exemptions. The DOL provided a non-enforcement grace period that will expire on February 1, 2022. This Rule represents the most significant change to retirement investment …

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