Understanding Life Insurance Illustrations
Saturday, May 15th, 2004Many people feel that trying to get an understanding of Life Insurance Illustrations and taking a crash course in the Greek Language are on about the same difficulty schedule. Although they are somewhat daunting, Life Insurance Illustrations are not quite Greek when you understand a few simple facts about them.
The Life Insurance Illustration for a simple Term Life Insurance Policy may appear to be complex enough. It can often run several pages and contain quite a few numbers. Yet compared to the Illustration pages for a Variable Universal Life Policy, the simple Term Illustration will seem like a first grade arithmetic page. When you understand a few basic facts about them, however, it is a bit less complicated.
First, the Life Insurance Illustration is going to be presenting you two completely different scenarios about the performance expectancy of your policy. The first is called the guaranteed performance and the second is the non-guaranteed performance. As one wag put it, the only thing (more...)
