LOCATE 

1996-2 NAIC Proc. 646
-No Full Pay Required
-Based on what Consumer Wants

Q: 7.5 However, I believe that the regulation states that the premiums shown in the basic illustration must be those anticipated by the policyholder. How does this reconcile with the concept of having basic illustrations be full pay only? 
 
A: 7.5  For flexible premium policies there is no specified contract premium and the basic illustration must be based on the premium outlay anticipated to be paid by the policyholder.