Premiums and Benefits - Understanding Illustrations
- Ask your insurance agent, financial advisor, or an insurance company representative for an illustration showing future values and benefits. (p5)
2018 - NAIC Life Insurance Buyer's Guide - 8p
- He <Birny Birnbaum> disagreed with Mr. Lovendusky <ACLI> that an accompanying illustration would reduce the complexity of products for consumers.
- He said illustrations add to the complexity.
2017 1116 - LIIIWG CC, Richard Wicka, Chair, 2017-3, NAIC Proceedings
- In my experience very smart people don't really know what all the components mean.
- It does lead to confusion.
So, I think ... if you can refer to the eventual illustration and just show the cash value.
-- Teresa Winer (GA)
2019 0917, NAIC (LIIIWG) Life Insurance Illustrations Working Group, - <Bonk>
