Illinois

For Illinois, life insurance death benefit cap ($) is $300,000; life insurance cash value cap ($) is $100,000; annuity present value cap ($) is $250,000; health insurance benefit cap ($) is $500,000; other accident & sickness cover cap ($) is $100,000, verified against its source on 2026-08-19.

Values marked our reading are our classification of what the source says — the source does not print them in those words. The quote below is the evidence for each one; judge it yourself.

What the source says

(A) $300,000 in life insurance death benefits, | | but not more than $100,000 in net cash surrender and net cash withdrawal values for life insurance; | | (B) for health insurance benefits: (I) $100,000 for coverages not defined as | | disability income insurance or health benefit plans or long-term care insurance, including any net cash surrender and net cash withdrawal values; | | (II) $300,000 for disability income insurance | | and $300,000 for long-term care insurance; and | | (III) $500,000 for health benefit plans; (C) $250,000 in the present value of annuity | | benefits, including net cash surrender and net cash withdrawal values; | | (ii) with respect to each individual participating in | | a governmental retirement benefit plan established under Section 401, 403(b), or 457 of the U.S. Internal Revenue Code covered by an unallocated annuity contract or the beneficiaries of each such individual if deceased, in the aggregate, $250,000 in present value annuity benefits, including net cash surrender and net cash withdrawal values; | | (iii) with respect to each payee of a structured | | settlement annuity or beneficiary or beneficiaries of the payee if deceased, $250,000 in present value annuity benefits, in the aggregate, including net cash surrender and net cash withdrawal values, if any; or | | (iv) with respect to either (1) one contract owner | | provided coverage under subparagraph (ii) of paragraph (c) of subsection (1) of this Section or (2) one plan sponsor whose plans own directly or in trust one or more unallocated annuity contracts not included in subparagraph (ii) of paragraph (b) of this subsection, $5,000,000 in benefits, irrespective of the number of contracts with respect to the contract owner or plan sponsor. However, in the case where one or more unallocated annuity contracts are covered contracts under this Article and are owned by a trust or other entity for the benefit of 2 or more plan sponsors, coverage shall be afforded by the Association if the largest interest in the trust or entity owning the contract or contracts is held by a plan sponsor whose principal place of business is in this State. In no event shall the Association be obligated to cover more than $5,000,000 in benefits with respect to all these unallocated contracts. | | In no event shall the Association be obligated to cover more than (1) an aggregate of $300,000 in benefits with respect to any one life under subparagraphs (i), (ii), and (iii) of this paragraph (b) except with respect to benefits for health benefit plans under item (B) of subparagraph (i) of this paragraph (b), in which case the aggregate liability of the Association shall not exceed $500,000 with respect to any one individual or (2) with respect to one owner of multiple nongroup policies of life insurance, whether the policy or contract owner is an individual, firm, corporation, or other person and whether the persons insured are officers, managers, employees, or other persons, $5,000,000 in benefits, regardless of the number of policies and contracts held by the owner.

— ilga.gov, retrieved 2026-08-19

Source

• ilga.govhttps://www.ilga.gov/legislation/ilcs/fulltext.asp?DocName=021500050K531.03

Last verified against source: 2026-08-19. Due for re-check by 2027-08-19. This page as Markdown · OKF bundle · full dataset as JSON.