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Best Life Insurance Companies in Illinois

Our Recommended Top 7

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Our goal is to connect people with the best local professionals. We scored Illinois life insurance companies on more than 25 variables across five categories, and analyzed the results to give you a hand-picked list of the best.

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7Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

Best Life Insurance Companies Serving Illinois
Illinois

Expertise.com Rating

Review Sources

Google
4.3 (17)

Why choose this provider?

Unland Insurance & Benefits is an independent agency with several satellite offices in Illinois. It supplies various types of life insurance policies that extend to disability and long-term care. Its selection of personal and commercial insurance plans for individuals and businesses includes coverage for cars, homes, health, and pets. In addition to insurance policies, it delivers human resources and financial solutions. Unland has been giving back to its community through outreach and local organizations since 1941.

  • Life Insurance

Best Life Insurance Companies Serving Illinois
Illinois

Expertise.com Rating

Review Sources

Google
4.7 (16)

Why choose this provider?

Eric Kahle is an insurance agent from State Farm. He offers life insurance policies to Illinois clients to protect the policyholders' loved ones in case of unexpected situations. Health, auto, and property insurance are available for individuals, families, and businesses. The agent also offers coverage for personal articles and farm ranches. He has a decade of experience in working with claims and risk management prior to joining State Farm. Eric has been an agent for more than 25 years.

  • Life Insurance

Best Life Insurance Companies Serving Illinois
Illinois

Expertise.com Rating

Review Sources

Google
5.0 (1)

Why choose this provider?

The Schaffnit Group is an insurance brokerage company serving Illinois locals. It offers options for families and individuals, with products like life insurance, medical, dental, Medicare Supplement, home, and auto plans. It also has group insurance policies that cover general liability, workers' compensation, and commercial properties. The Schaffnit Group aims to provide personalized assistance by conducting one-on-one meetings and evaluating clients' needs and options. Its team has over 30 years of experience in the insurance industry.

  • Life Insurance

Best Life Insurance Companies Serving Illinois
Illinois

Expertise.com Rating

Review Sources

Facebook
5.0 (7)
Google
4.0 (2)
Yelp
5.0 (1)

Why choose this provider?

Bartonville Insurance Agency serves clients located in the Illinois area and surrounding metros. It offers life insurance products including term, whole, and universal packages, as well as estate planning, buy and/or sell agreements, key person insurance, and annuities. Other coverages facilitated include auto, home, and commercial insurance. Bartonville Insurance Agency has been in business since 1912. Its agents have over 60 years of combined industry experience and represent companies like Auto-Owners Insurance, Pekin Insurance, and Progressive Insurance.

  • Life Insurance
  • Health Insurance

Best Life Insurance Companies Serving Illinois
Illinois

Expertise.com Rating

Why choose this provider?

Anthem Insurance Group, Inc, is an Illinois-based agency that offers a wide range of insurance coverage to protect families, individuals, retirees, and businesses. It provides life insurance policies such as universal, ultimate expense, disability income, child, term, and whole life. Grinnell Mutual, Progressive, Goodville Mutual, Pekin Insurance, and Auto-Owners Insurance are some of the partners the agency works with. In addition to commercial and medical coverage, the company provides insurance plans for homes, cars, and pets.

  • Term Life Insurance
  • Life Insurance

Best Life Insurance Companies Serving Illinois
Illinois

Expertise.com Rating

Review Sources

Facebook
5.0 (44)
Google
5.0 (15)

Why choose this provider?

Koonce Insurance Agency has been in the industry for more than 25 years, insuring individuals and families in the state of Illinois. The independent insurance agency connects clients with providers who provide the best coverage for their needs and requirements. Its staff members also educate clients about the differences of term, permanent, universal, and whole life insurance products and help them make sound, informed decisions. Additionally, the agency offers individual and family health, dental, and disability insurance.

  • Individual Plans
  • Health Insurance
  • Life Insurance

Best Life Insurance Companies Serving Illinois
Illinois

Expertise.com Rating

Review Sources

Google
5.0 (3)

Why choose this provider?

DPCM Insurance Agency, Inc, offers personal and commercial services to clients in the entire state of Illinois. It writes life insurance policies to protect families against unfortunate or unforeseen events. Its agents also help clients find the coverage they need for their home, auto, or business. Other types of insurance products it offers are liquor liability, supplemental health, business owners' policy, and workers' compensation. The family-owned and family-operated agency has access to over 20 insurance carriers to help clients get a suitable plan.

  • Health Insurance
  • Life Insurance

Compare our Top Life Insurance Companies

NameExpertise RatingAddressPromotionsLearn more
Unland Insurance & Benefits
2211 Broadway, Illinois, IL 61554
Eric Kahle
650 North Webster, Illinois, IL 62568
The Schaffnit Group
212 North Main Street, Illinois, IL 61550
Bartonville Insurance Agency
1202 W Garfield Avenue Suite A, Illinois, IL 61607
Anthem Insurance Group, Inc
123 S. Sampson St., Illinois, IL 61568
Koonce Insurance Agency
1604 W Main Street Suite 300, Illinois, IL 62565
DPCM Insurance Agency, Inc
109 S Lafayette Street, Illinois, IL 62548

Illinois Life Insurance FAQs

  • Is there a contestability period for Illinois life insurance policies?

    Yes, there is a contestability period for Illinois life insurance policies. If a policyholder makes a claim within two years after their plan’s effective date, their insurer reviews their insurance application to ensure it was accurately completed. If the policyholder omitted or misrepresented facts that caused the insurance company to decline their policy, the firm might dissolve their contract, refund their payment, and deny their claim.

  • What are some general exclusions that allow Illinois life insurance companies to deny death benefits?

    Some general exclusions that allow Illinois life insurance companies to deny death benefits include situations where the policyholder:

    • Commits suicide not more than two years after the policy takes effect.
    • Dies due to war or an act of war while serving the military or navy as a serviceman or non-combatant civilian.
    • Dies due to an aviation-related event where they are not a fare-paying commercial airline passenger on a regularly scheduled flight route.
  • Does the law prohibit an Illinois life insurance agent or company to return part of a premium or commission to encourage a policyholder to buy a new policy?

    Yes, the law prohibits an Illinois life insurance agent or company to return part of a premium or commission to encourage a policyholder to buy a new policy, a practice called rebating. State law does not allow refunds, discounts, gifts, or other inducements to be given to policyholders to entice them to get a new plan.

  • How can an Illinois resident find a life insurance plan they bought from a company that is currently no longer operating?

    An Illinois resident may find a life insurance plan they bought from a company that is no longer operating by asking for help from the Illinois Department of Insurance. The agency can determine what occurred to the insurer and whether it was acquired by another insurer. It can give the policyholder the contact details of the new insurance carrier, and if needed, it may also contact that company to determine the fate of the policy.

  • Which Illinois employees are eligible for life insurance as provided by the state?

    Illinois employees who are qualified for benefits from the State of Illinois Employees Group Insurance Program are eligible for life insurance as provided by the state. They can obtain a policy with basic coverage equivalent to their yearly salary. In addition, they may opt to buy additional coverage for themselves and eligible dependents.