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VIATICAL SETTLEMENT PROVIDER
License Description An individual, partnership, corporation or other entity that enters into an agreement with a person who owns a life insurance policy, insuring the life of a person who has a catastrophic or life threatening illness or condition, to compensate for less than the expected death benefit of the insurance policy, in return for the policy owner's assignment, transfer, sale, devise or bequest of the death benefit or ownership of the insurance policy.
Licensing Agency
Illinois Department of Insurance
320 West Washington
Springfield, IL 62786
(217) 782 6366
Active Status Active
Continuing Education Continuing education required to maintain license
Criminal Record Felony convictions prohibited
Education Specific course required
Exam State exam required
License Type Stand-alone license
License Updated 08/09/2023
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