L&HIllinoishard
Which statement most accurately distinguishes industrial life insurance issued under 215 ILCS 5/Article XIII from ordinary life in Illinois?
AIndustrial life requires a full medical exam, while ordinary life does not
Industrial life uses weekly or monthly debit premiums collected at the home and historically issues face amounts under a low statutory ceiling; ordinary life is paid by check or EFT and uses standard underwriting
CIndustrial life is only available to applicants over age 65
DIndustrial life is sold exclusively through stock brokerages
Why this is the answer
Industrial life insurance under Article XIII of the Illinois Insurance Code is a historic product category designed for working-class families. Defining features include: small face amounts (historically capped well under typical ordinary-life faces), premiums paid weekly or monthly, and collection by an agent (debit) at the insured's home. Ordinary life uses larger face amounts, standard premium modes paid by mail or EFT, and conventional underwriting.
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