How many questions are there on the Illinois Life Insurance Examination?

In order to pass the Illinois Life Insurance Examination, you must pass Part 1 ( General Product Knowledge) and Part …

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What is a contestable period of a life insurance policy?

During the first two years, the insurance company can challenge a death claim based on health history of insured. Insurers …

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What is the NAIC (National Association of Insurance Comissoners)?

The NAIC is made up of all of the insurance regulators in the United States and its’ territories.  It’s role …

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What are the licensing fees in Illinois?

Original license applications and renewals can be done at the National Insurance Producer Register. Insurance license are issued for a …

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I am an independent producer living in Illinois, Do I need to be bonded?

Unless all of the insurance companies that you are contracted with are assuming financial responsibility for the funds you handle, …

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What is the Required Minimum Distribution (RMD)?

Required Minimum Distribution (RMD) Last trading day this year is December 29 and account balances of that date must be used …

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