Illinois Mutual Life Insurance Company Review 2025

Trusted Choice's Illinois Mutual Life Insurance Score

4 Stars

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We award Illinois Mutual Life Insurance Company a final rating of 4 out of 5 stars. The insurance company has been around for more than a century and has high ratings through AM Best and the Better Business Bureau (BBB). The carrier's catalog provides several coverage options, with a focus on life insurance, disability income insurance, and worksite benefits and coverage.

Illinois Mutual was founded in 1910 and has been a family-operated company from the start. The carrier's headquarters is in Peoria, Illinois. Coverage is currently available in 47 states. Customer feedback seems to be largely positive. Overall, we highly recommend looking into Illinois Mutual with the help of your independent insurance agent to be your next trusted carrier.

Illinois Mutual Life Insurance Company Pros and Cons:

Pros:	Cons:
Longstanding carrier	No online claims reporting
Offers life insurance, disability income insurance, and worksite insurance	Limited pricing information
Multiple types of life insurance available
“A-” (excellent) rating by AM Best
“A+” (excellent) rating by the Better Business Bureau (BBB)
Multiple term and benefit options
Coverage available in 47 states

To find insurance in your state, use our national insurance company directory to find the best company to meet your needs. You can locate insurance companies that specialize in your specific coverage needs and get connected to an agent near you.

Illinois Mutual Life Insurance Company Products by Type

Illinois Mutual is a specialized insurance company that focuses on life insurance. The carrier's products include the following:

Illinois Mutual Life Insurance Company Term Life Insurance

Illinois Mutual's term life insurance policies offer coverage with level premiums throughout the initial term. Customers can choose term durations of 10, 15, 20, 25, or 30 years or choose to be covered from age 65 to age 70. Death benefits starting at $50,000 are available. Applicants must be between 18 and 75 years old.

Coverage types, features, and benefits:

Family Path Solution

Illinois Mutual's Family Path Solution term life insurance offers an initial term of 20 years with a level premium. Coverage can be renewed with annually increasing rates. These policies include an accidental death benefit, a terminal illness accelerated death benefit, and a conversion option.

Home Path Solution

Illinois Mutual's Home Path Solution term life insurance offers coverage for the amount of time the customer needs to pay off a mortgage. Level premiums are guaranteed for the initial term length of 15 or 30 years. 

Coverage can be renewed with annually increasing rates. These policies include an accidental death benefit, a terminal illness accelerated death benefit, and a conversion option.

Retirement Path Solution

Illinois Mutual's Retirement Path Solution term life insurance offers coverage with guaranteed level premiums for the initial term, which can be either from age 65 to age 70, or customers can choose the return of premium (ROP) to age 65 option. Coverage can be renewed with annually increasing rates. 

The age 65 to 70 policy includes an accidental death benefit, terminal illness accelerated death benefit, disability waiver of premium benefit, and a conversion option. The ROP to age 65 policy includes a terminal illness accelerated death benefit and a return of premium endowment benefit.

Illinois Mutual Life Insurance Company Life Insurance Average Prices

Illinois Mutual offers a sample customer rate example for its whole life insurance. The sample policy for a married couple is one of the carrier's Limited Pay Series 200 Plan, which provides $125,000 in coverage and a guaranteed insurability option rider. The sample married couple's monthly rate is $2,291. 

An independent insurance agent can help you obtain quotes for more coverage options from Illinois Mutual. You can also get a better idea of your possible cost by checking out our life insurance calculator.

What Discounts Does Illinois Mutual Life Insurance Company Offer?

Illinois Mutual only publishes information about one of its specific discounts.

An independent insurance agent can provide better discount information and premium quotes for coverage through Illinois Mutual Life Insurance Company. When it comes to coverage, independent insurance agents work hard to help get you the most for your money.

Illinois Mutual Life Insurance Company Customer Service

Illinois Mutual provides the following customer service options and availability:

To ensure a great customer service experience, work together with an independent insurance agent. These agents can help handle claims and other matters for you so you can relax and enjoy your coverage.

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