50 Ill. Adm. Code 917.EXHIBIT A

A Notice Regarding Replacement of Life Insurance or Annuity

Last amended: 2002Year: 2026Length: 163 wordsOfficial source
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