50 Ill. Adm. Code 917.EXHIBIT A
A Notice Regarding Replacement of Life Insurance or Annuity
Section 917
Section 917.EXHIBIT A
Notice Regarding Replacement of Life Insurance or Annuity
REPLACING
YOUR LIFE INSURANCE OR ANNUITY?
Are you thinking about buying a
new life insurance policy or annuity and discontinuing or changing an existing
one? If you are, your decision could be a good one – or a mistake. You will
not know for sure unless you make a careful comparison of your existing
benefits and the proposed benefits.
Make sure you understand the
facts. You should ask the insurance producer or company that sold you your
existing policy to give you information about it.
Hear both sides before you
decide. This way you can be sure you are making a decision that is in your
best interest.
We are required by law to notify
your existing company that you may be replacing their policy.
List below the identification
of policies which are involved
in the replacement transaction
Contract
Number
Insurance
Producer's Signature
Contract
Number
Date
Contract
Number
Contract
Number