# Illinois Mutual Life Insurance Company

Illinois Mutual Life Insurance Company is an Insurance based in Peoria, United States.

## Overview

- **Organization type:** Insurance
- **Headquarters:** Peoria, United States
- **Region:** North America
- **Address:** Peoria, IL, United States
- **Founded:** 1910
- **Assets under management:** Undisclosed
- **Website:** illinoismutual.com
- **LinkedIn:** https://www.linkedin.com/company/illinois-mutual

## Regulatory record

- **Reports private funds:** No

## About

Illinois Mutual’s life insurance, disability insurance and worksite insurance can help you achieve and safeguard your financial security.

## Sectors

- Private Credit
- Real Estate

## People

- Katie McCord Jenkins — President and Chairperson
- Michel A. McCord — Chairman Emeritus

## Questions

### How does Illinois Mutual generate its investment returns?

The company's general account invests primarily in commercial mortgage loans and private credit instruments to match the duration of its disability-income and life-policy liabilities. It originates whole commercial real estate loans directly from its Peoria headquarters, holding them on balance sheet rather than packaging them for sale. Public fixed-income holdings complement the private credit book.

### Is Illinois Mutual structured as a public company or a mutual?

Illinois Mutual is a private mutual insurance company, legally owned by its policyholders. It has never demutualized or issued public equity. That structure means no external shareholders can force a sale or dictate capital-management policy, giving the McCord family's leadership substantial autonomy over investment strategy and underwriting discipline.

### How is the McCord family involved in the business today?

Katie McCord Jenkins, the fifth generation, leads the company as President and Chairperson. Her father, Michel A. McCord, remains chairman emeritus after a long tenure as chairman and CEO. The family's presence is reinforced by civic ties in Peoria, including the McCord Lecture Series at Bradley University, rather than by headline transactions.

## Related profiles

- [Illinois Development Finance Authority](https://altss.com/profile/illinois-development-finance-authority)
- [Illinois State Treasury - Technology Development Fund](https://altss.com/profile/illinois-state-treasury-technology-development-fund)

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Last updated: 2026-06-03T20:00:00.000Z

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