ILLINOIS - TYPE OF LICENSE NEEDED TO WRITE POLICIES | ||
---|---|---|
Health | Life | |
Stand Alone | X | |
Linked Life LTC | X | X |
Annuity | X | X |
LTC TRAINING REQUIREMENTS | |
---|---|
Initial Long Term Care Training |
8 Hour Course |
Refresher Training |
4 Hour Course |
Training Reciprocity Between States |
Yes Effective 7/1/2008, all long-term care insurance producers must complete an initial training course of at least 8 hours before representing long-term care insurance followed by a refresher course of at least 4 hours by the end of each subsequent renewal period. If a refresher course is not taken within 12 months after the date by which it was required another initial training course is required. The completion of an initial training course of at least 8 hours or a refresher course of at least 4 hours in another licensed state that has implemented a requirement based on the 2006 LTCI Model Act is reciprocal to this requirement. Completions for designation program credit only or in states that have not implemented such a requirement - currently CA, CT, DC, DE, IN, HI, MS and NY - are not valid toward the requirements of this state. |
Training/Lapse Guidelines |
As of 1/1/14 - The refresher training must be taken by the end of the license renewal period. The advisor has 12 months after the license renewal period to take the refresher training. If it is not taken within 12 months of the license renewal period, producers must take the initial eight-hour course again. Any training taken prior to 1/1/14 will go by the old rules which is every 24 months. For example: Advisor took training on 2/11/12, it will be good until 2/11/14, and his next 4 hour refresher period will go by the new rules! Lapse in training is NOT allowed! Nationwide: As of 7/18/23 - Nationwide does allow lapse in training for Illinois residents. Illinois is treated like any other lapse state and they do not make the advisor go back and start over with the 8 hour again. |
Annuity |
To sell Annuity products, Annuity and Best Interest training is required as well as Product Training with both Global Atlantic and OneAmerica. Requirements and rules vary by state. Please reach out to licensing to get help with the requirements and product codes for the Product Training requirement at licensing@ltcipartners.com |
How to Obtain Training |
A 15% Discount is offered to advisors that go through the LTCI/WEBCE portal at http://ltcipartners.webce.com |
Where Can I Find My CE Training |
Clearcert: Clearcert State Based Systems (SBS): State Based System |
Asset Protection |
Yes, with other DRA Partnership states - 2006 LTCI Model Act |
State Partnership Status |
Not Filed Yet |
REVISED: 10/30/24