L&HIllinoiseasy
To solicit a variable life insurance policy in Illinois, a producer must hold an Illinois life license AND additionally what credential?
AAn Illinois P&C license
BA CFP designation
A FINRA securities registration (Series 6 or 7) with a broker-dealer
DAn Illinois notary commission
Why this is the answer
Because variable life insurance places investment risk on the policyowner via separate-account sub-accounts, Illinois treats it as both an insurance product and a security. Under 215 ILCS 5/500-35 the producer must hold an Illinois life license, and federal securities law requires FINRA registration via a broker-dealer, typically through the Series 6 (variable contracts only) or Series 7 (general securities) examination. Both credentials are mandatory before solicitation.
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