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Issue: One of the disclosures available to life insurance consumers is the life insurance illustration. An illustration is a presentation or depiction provided to prospective or new policy owners that shows how the policy should perform under specific circumstances set out in the illustration.
The benefit illustration basically shows how your (policyholders) insurance policy fund/money invested will perform over a period of time. It includes financial projections for every year until the maturity, throughout the policy term.
A life insurance benefit illustration (BI) is a set of projections, prepared by the actuaries of the insurance company. The BI basically shows how your (policyholders) insurance policy fund/money invested will perform over a period of time.
You can request an in-force illustration through your life insurance agent or directly from your insurance company. The request can be made over the phone or in writing. Some insurance companies will allow you to request in-force illustrations through a customer portal. The request must be made by the policy owner.
There are three types of insurance illustrations: basic illustration, supplemental illustration, and in-force illustration.
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People also ask

The California Insurance Code defines illustration as a presentation of policy features that includes non-guaranteed elements.
An inforce illustration is an estimate of how a life insurance policys cash value balance will change over time. The illustration can be incredibly useful in your financial planning, because unfortunately, life insurance policies can go sideways.
An inforce illustration is an estimate of how a life insurance policys cash value balance will change over time. The illustration can be incredibly useful in your financial planning, because unfortunately, life insurance policies can go sideways.

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