The Importance of Life Insurance Policy Illustrations

The Importance of Life Insurance Policy Illustrations

When dealing with permanent cash-value life insurance, sales are usually based on illustrations and product analysis. These illustrations are used to highlight project interest rates and future values, which are then shown to potential clients. But before any decisions, it is important to understand all the elements and components of these policy illustrations.

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An Illustration Predicts The Future Profitability of Your Life Insurance Policy

An Illustration Predicts The Future Profitability of Your Life Insurance Policy

An in-force illustration is the only way to gauge the potential future performance of a policy by using actual values and current assumptions (i.e., actual interest rate, current mortality and expense factors) to produce a current policy illustration. It allows you to compare past (actual) performance with anticipated performance.

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