Which item is required to be included in a life insurance illustration?

Which item is required to be included in a life insurance illustration?

• A. The company's name, the date prepared, initial death benefit, and the proposed insured's name, age, and gender
• B. The beneficiary's social security number
• C. The policy's interest rate and dividend history
• D. The insured's medical records

Answer: (A)

A life insurance illustration must clearly identify the policy and the person it’s about so you can compare options accurately. The essential item is the insurer’s name, the date the illustration was prepared, the initial death benefit, and the proposed insured’s name, age, and gender. This combination ties the illustration to a specific company and individual, shows the starting face amount used in the projections, and ensures you know when the illustration was created and for whom. The other options aren’t required parts of a standard illustration: a beneficiary’s Social Security number is private and not needed for the illustration, dividend history or interest rate details aren’t universally required in every illustration, and medical records belong to underwriting, not the illustration.

A life insurance illustration must clearly identify the policy and the person it’s about so you can compare options accurately. The essential item is the insurer’s name, the date the illustration was prepared, the initial death benefit, and the proposed insured’s name, age, and gender. This combination ties the illustration to a specific company and individual, shows the starting face amount used in the projections, and ensures you know when the illustration was created and for whom. The other options aren’t required parts of a standard illustration: a beneficiary’s Social Security number is private and not needed for the illustration, dividend history or interest rate details aren’t universally required in every illustration, and medical records belong to underwriting, not the illustration.