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It makes no difference if the coverage is term life or other life insurance plans, insureds should update their beneficiaries after divorces. Under  Illinois state law (750 ILCS 5/503 (b-5)(1)):, (1) As to any existing policy of life insurance insuring the life of either spouse, or any interest in such policy, that constitutes marital property, […]

Every state has enacted laws or regulations dealing with insurer’s delaying payment of claims. Illinois law requires that insurance companies disclose the following information regarding the settlement of the death claim on the Ordinary Life insurance and Ordinary Accident polic (y /ies) issued in the state of Illinois: Interest shall accrue on the proceeds payable

Pursuant to 215 ILCS 5/431.3, Tom Ripperda, our training director, has been appointed to a 3-year term on the Continuing Education Advisory Council. as announced by Illinois Director of Insurance, Dana Popish Severinghaus. Mr. Ripperda has over 52 years of insurance experience with the last 24 years as our training director and prior to that

First, you must apply to Illinois for a nonresident license using.  www.nipr.com Second, you must complete the 4-hour course on Annuity Suitability & Best Interest that is required of Illinois resident producers.

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

In April of 2022,  the House of Representatives passed the Secure Act 2.0 and it is now with the Senate. The Senate has two similar bills that address these issues. With the high vote in the house for Secure Act 2.0, it is expected some form of this bill will passed by the senate and

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

Life  Exam                                                                                                    # of Questions Part

If the applicant selects to add a disability rider,  the insurance company will pay the premiums on the policy if  the disability claim approved.  The insured needs to be disability for period of time as outlined in the rider.  It is the responsibility of the insured to notify the insurance company or agent of this