Is Life Insurance Mandatory In Illinois?

  1. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    No, Life Insurance is not mandatory in Illinois. There is no state or federal law that mandates that people purchase life insurance. Sometimes the court or a lending company, e.g., may require that an individual purchase life insurance as part of a divorce settlement or to protect a loan. But the state of Illinois does not mandate  purchasing life insurance.
    Answered on August 20, 2013
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