| Course of Study Content Requirements | | Time Distribution Requirements |
| | | |
| I. | Types of policies and coverages | | 32% |
| A. | Endowment | | |
| B. | Term | | |
| | 1. | Level term | | |
| | 2. | Decreasing term | | |
| C. | Whole Life | | |
| D. | Limited Pay policies | | |
| E. | Combination plan | | |
| F. | Other types of policies: | | |
| | 1. | Modified life | | |
| | 2. | Family plans | | |
| | 3. | Deposit term | | |
| | 4. | Universal life | | |
| | 5. | Indexed Life | | |
| G. | Annuity | | |
| H. | Accidental death and dismemberment | | |
| I. | Uses for term insurance | | |
| J. | Uses for whole life insurance | | |
| K. | Group life | | |
| L. | Industrial insurance | | |
| II. | Policy provisions, options and benefits | | 40% |
| A. | Entire contract | | |
| B. | Insuring clause | | |
| C. | Free look | | |
| D. | Consideration clause | | |
| E. | Owner's rights | | |
| F. | Primary and contingent beneficiaries | | |
| G. | Change of beneficiary | | |
| H. | Grace period | | |
| I. | Automatic premium loan | | |
| J. | Reinstatement | | |
| K. | Policy loan | | |
| L. | Nonforfeiture options | | |
| M. | Dividends and dividends options | | |
| N. | Guaranteed insurability options | | |
| O. | Incontestability | | |
| P. | Assignment | | |
| Q. | Suicide | | |
| R. | Misstatement of age | | |
| S. | Settlement options | | |
| T. | Waiver of premiums | | |
| U. | Accidental death benefit | | |
| V. | Term riders | | |
| W. | Exclusions | | |
| X. | Conversion Options (individual and group) | | |
| III. | Completing the application and delivering the policy | | 16% |
| A. | Completing the application and obtaining necessary signatures | | |
| B. | Warranties and Representations | | |
| C. | Complying with provision of Fair Credit Reporting Act and Illinois Insurance Privacy Act | | |
| D. | Explaining the effect of the application with money | | |
| E. | Explaining the effect of the application without money | | |
| F. | The underwriting process | | |
| G. | Delivery and explanation of the policy | | |
| IV. | Taxes, retirement and other insurance concepts | | 12% |
| A. | Insurable interest | | |
| B. | Third party ownership | | |
| C. | Individual tax shelter plans, IRA, Keogh and TSA | | |
| D. | Social Security benefits and taxes | | |
| E. | Tax treatment of premiums and proceeds of insurance contracts | | |
| F. | Determination of premiums | | |
| | 1. | Expense | | |
| | 2. | Interest | | |
| | 3. | Mortality | | |
| G. | Policy reserves | | |
(Source: Amended at 50 Ill. Reg. 753, effective December 30, 2025)