What type of insurance can a limited lines producer sell?

A limited lines producer is specifically licensed in Illinois to sell certain types of insurance products that are considered to have a narrower scope than those covered under a full insurance producer’s license. Industrial life insurance is a type of insurance that is often marketed to lower-income individuals and usually involves small face amounts and premiums that are paid in more convenient, often weekly, installments.

The licensing requirements for a limited lines producer typically allow them to offer products that have more simplified underwriting processes. Industrial life insurance falls under this category, as it is designed to be more accessible and straightforward, making it suitable for limited lines producers to sell. This type of insurance is tailored to fit the needs of specific market segments without the complexities associated with other more comprehensive life insurance products.

In contrast, other options, such as term life, whole life, and universal life insurance, generally require a broader knowledge base and understanding of various life insurance principles, making them outside the purview of limited lines producers.