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Exam term

Illustration

A presentation of a policy's projected values over time under stated assumptions, separating guaranteed from non-guaranteed amounts. Non-guaranteed results are not contractual promises.

Lessons that use this term

  • California life policy disclosures: illustrations, buyer's guide, and cost indexes California
  • New York life insurance advertising, policy summary, buyer's guide, and illustrations (Ins. Law 2122, 3209; Reg 74) New York

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