5 HRs Life Insurance Products and Retirement Planning - Illinois

✅ Approved by Illinois Department of Insurance | Provider #500032058 | Course #6000223890 | Only $19.99 | Instant Emailed Certificate | 100% Online & Self-Paced

Earn 5 approved hours toward your Illinois insurance license continuing education with a course approved by the Illinois Department of Insurance for only $19.99. The hours apply to your 24-hour, two-year requirement and the course is approved in the Life & Health category, so you can enroll online and start on your own schedule.

The course is 100% online and self-paced. Log in and out as often as you need without losing progress. Your certificate is emailed the moment you finish, and 1st Choice CE reports your completion to the Director within 10 days of the end of the week in which you finish.

✅ Course Details

• Course name: 5 HRs Life Insurance Products and Retirement Planning
• Approved by: Illinois Department of Insurance
• Provider number: 500032058
• Course number: 6000223890
• Course length: 5 hours
• Course category: Life & Health
• Course format: 100% online, self-paced
• Price: $19.99
• Certificate: emailed immediately after completion
• Reporting: 1st Choice CE reports your completion to the Director within 10 days of the end of the week in which you finish
• Page URL: https://1stchoice-ce.com/courses/checkout/illinois/5-hrs-life-insurance-retirement-illinois/
• Support: call or text 1-800-698-2770

✅ Who Should Take This Course?

• Licensed life and annuity agents and producers
• Agents who compare permanent and term designs for clients
• Producers who position annuities inside a retirement income plan
• Agents who present policy illustrations and need to explain them accurately
• Producers who handle replacements and 1035 exchanges
• Agents who need life and health credit toward Illinois's renewal total

✅ Does This Course Satisfy the State Requirement?

This course provides 5 approved hours toward the 24 hours an Illinois producer must complete every two years. It is general credit toward your state total, so it does not satisfy the separate 3 hours of ethics, which Illinois requires to be delivered by classroom or webinar. It does not satisfy the whole requirement on its own.

Illinois places no per-producer cap on self-study hours for general credit, so these hours count in full. Up to 12 hours carry over to the following period, but no ethics credit may be carried over. Illinois is strict about the ethics delivery method: a recorded, on-demand self-study ethics course does not satisfy it, though a live webinar does.

✅ Illinois Continuing Education Requirements

Illinois requires an insurance producer to satisfactorily complete at least 24 hours of course study in each two-year cycle under 215 ILCS 5/500-35, and three of those 24 hours must consist of classroom or webinar ethics instruction. That delivery restriction is the part that catches producers out: a recorded, on-demand self-study ethics course does NOT satisfy Illinois, though a live webinar does. The remaining 21 hours carry no delivery restriction. Illinois does not split the requirement by line of authority - neither the statute nor 50 Illinois Administrative Code Part 3119 contains any life and health versus property and casualty allocation, so a single 24-hour pool covers every line held.

• 24 hours of course study in each two-year cycle
• 3 of the 24 must be ethics instruction delivered by CLASSROOM OR WEBINAR - self-study ethics does not satisfy Illinois
• No line-of-authority split - one 24-hour pool covers every line held
• Up to 12 hours carry over to the following period, but NO ethics credit may be carried over
• Up to 4 hours per period may come from active participation in a professional insurance association
• Licences expire the last day of your birth month, biennially

Illinois permits a producer to carry over a maximum of 12 continuing education hours completed during the prior licensing period, but no ethics credit hours may be carried over. There is no per-producer cap on self-study hours. The two-thirds rule that appears in the statute is a course CLASSIFICATION rule - a course given in a combination of classroom, seminar, webinar and self-study is deemed a self-study course unless the classroom, seminar or webinar hours meet or exceed two-thirds of the total - and it does not limit how many self-study hours a producer may take. Courses in excess of 12 hours are not approved for credit, which is a per-course ceiling. Up to four hours per biennial period may be earned through active participation in a state or national professional insurance association, and those hours may not satisfy the ethics requirement. Illinois has no long-tenure, age or professional-designation exemption. The statute permits waiver of renewal procedures on request for military service. Nonresident Illinois licensees satisfy Illinois by meeting their home state's requirement.

How this course helps: This 5-hour course contributes 5 of the 24 hours an Illinois producer must complete every two years. It is approved in the Life & Health category. It is general credit toward your state total, so it does not satisfy the separate 3 hours of ethics, which Illinois requires to be delivered by classroom or webinar. It does not complete the renewal on its own.

✅ When Do Licensees Renew?

Illinois producer licences expire biennially on the last day of your birth month. The renewal window opens 90 days before expiration. Since July 1, 2023 all applications must be filed through NIPR.com and all fees paid by electronic funds transfer in the NIPR system.

✅ How to Renew Your Illinois License

1. Confirm your expiration date - the last day of your birth month, biennially - and note that NIPR opens renewal 90 days prior.
2. Complete 24 hours including 3 hours of ethics delivered by classroom or webinar. Self-study ethics will not count. Apply any carried-over non-ethics hours from the prior period, up to 12.
3. Finish the coursework early. The rule directs completion no later than one month before the extension date, and the Department requires you to be compliant at least 10 business days before your renewal date so the provider's report can post.
4. Verify your hours posted by pulling your own education transcript at State Based Systems - select Illinois, enter your last name and the last four digits of your Social Security number, or search by National Producer Number.
5. Confirm the Producer Database shows you as education compliant. NIPR will not let you renew electronically until it does.
6. File the renewal at NIPR.com and pay the $215 biennial fee by electronic funds transfer.
7. Keep your own records - retain each course record for three years, and retain permanently the original long-term care 8-hour, annuity and flood certificates, since the Department keeps no permanent record of those.

There is no true grace period - the licence is expired the day after the last day of your birth month, and you may not transact insurance while it is expired. Under 215 ILCS 5/500-35 a producer who allows the licence to lapse may, within 12 months after the due date of the renewal fee, be issued a licence without the necessity of passing a written examination, subject to a penalty. Within that window you file a Resident License application rather than a Resident License Renewal through NIPR, pay the licence fee plus the $215 penalty and reinstatement fee, and must be compliant on continuing education. After 12 months reinstatement is no longer available and you must qualify as a new applicant including the examination.

✅ What You Will Learn

• Compare term, whole life and universal life designs on cost, guarantees and flexibility
• Explain cash value, dividends and nonforfeiture options without overstating guarantees
• Distinguish fixed, indexed and variable annuities and the risk each transfers
• Apply the tax rules that govern death benefits, cash value growth and 1035 exchanges
• Read an illustration and identify the assumptions that create lapse risk
• Handle beneficiary designations and replacements to the required standard

✅ Course Content Overview

Hour 1: Term life and the underwriting foundation: level and decreasing term, renewability and convertibility, how underwriting classes are set, and matching a face amount to an actual need rather than a product.

Hour 2: Whole life and universal life: guaranteed cash value, dividends and participating designs, current assumption and guaranteed universal life, indexed universal life mechanics, and the nonforfeiture options available when a client stops paying.

Hour 3: Annuities: immediate versus deferred, fixed, indexed and variable designs, accumulation and payout phases, surrender charge schedules, riders, and the risks each design transfers between insurer and client.

Hour 4: Taxation and retirement income: income tax treatment of death benefits and cash value, modified endowment contracts, 1035 exchanges, qualified versus nonqualified money, required minimum distributions, and sequencing income sources in retirement.

Hour 5: Illustrations, suitability and replacement: reading guaranteed and non-guaranteed columns, lapse risk when assumptions do not hold, beneficiary designations and settlement options, and the disclosure and documentation a replacement requires.

✅ Other Illinois Insurance CE Courses

• 4-Hour Annuity Best Interest and Suitability - Illinois – $19.99
• 3-Hour Flood Insurance (NFIP) - Illinois – $19.99
• 4 Hrs Ongoing Long-Term Care Insurance Partnership Training - Illinois – $19.99
• 3 HRs Emerging Risks and Specialty Coverages - Illinois – $19.99
• 3 Hrs Insurance Fraud and Claims Handling (P&C Focus) - Illinois – $19.99
• 4 HRs Personal Auto and Umbrella Insurance - Illinois – $19.99
• 4 HRs Homeowners Insurance Overview - Illinois – $19.99
• 4 HRs Commercial Lines Insurance Essentials - Illinois – $19.99

✅ Why Choose 1st Choice CE?

• Approved provider and approved course in Illinois
• Affordable at $19.99
• 100%% online and self-paced
• Log in and out anytime without losing progress
• Instant emailed certificate
• We report your completion for you
• Money-back guarantee
• Over 10 years of continuing education experience
• Support by phone or text at 1-800-698-2770

✅ Enroll Now

Enroll in 5 HRs Life Insurance Products and Retirement Planning for $19.99 and complete your 5 approved hours online, on your schedule. Questions before you buy? Call or text 1-800-698-2770.