IIA Blog

Information covered in the Illinois Insurance Association blog is intended to provide general information and guidance, and should not be considered legal advice.


Borrowing against a life insurance policy

Mar 18, 2020, 10:31 AM

Term life policies do not have this option. Permanent life policies typically have a borrowing feature, but there are risks involved. A life insurance agent can verify what type of coverage you have and discuss borrowing terms if applicable. Click on the link to learn more.

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Does auto insurance have a late payment grace period?

Mar 11, 2020, 4:15 AM

Auto insurers are not required to offer grace periods or accept premium payment after the premium due date. The company must, however, send the policyholder a written notice identifying the final date of coverage and confirming the reason for cancellation. Nonpayment of premium requires a 10-day notice. Lien holders listed on the policy get a copy of the cancellation notice. Click on the link for more details.

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Stop Driving Distracted!

Mar 4, 2020, 4:21 AM

The chance of a behind-the-wheel mistake increases each time a driver loses focus. Some situations are resolved trouble-free. Others end in serious, sometimes fatal, crashes. Driver distractions jeopardize Illinois roadways and contribute to thousands of accidents each year. Recognize the dangers of distracted driving; be intentional about reducing the risk; encourage others to do the same. Click on the link to learn how to minimize driving distractions.

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