An illustration used to sell life insurance must include all the following information EXCEPT?

In the context of selling life insurance, an illustration is a vital tool that provides prospective buyers with a clear understanding of the policy's potential benefits and how it works. Legal requirements ensure that certain information is included in an illustration to protect consumers and provide transparency.

The requirement that an illustration must include items such as the generic policy name and form number, the name and address of the producer, and a label that identifies it as an illustration is critical for maintaining clarity and accountability in the sales process. This information helps the consumer understand which specific policy they are considering, who is providing it, and that what they are looking at is indeed an illustrative document and not a legally binding contract.

The notion of including the probability that illustrated non-guaranteed scenarios will occur is not a typical requirement for these illustrations. Instead, illustrations generally include assumptions about future performance based on current expectations, but they do not promise outcomes or probabilities attached to non-guaranteed elements. Non-guaranteed scenarios are often just that—speculative and based on various market conditions that cannot truly predict future performance. Hence, this particular information is not necessary for the illustration.

Thus, the correct understanding leads to the conclusion that while transparency and clarity are key in illustrations, asserting probabilities on non