Which term relates to non-guaranteed policy elements presented in a policy illustration?

Which term relates to non-guaranteed policy elements presented in a policy illustration?

• A. Illustrations
• B. Minor
• C. Life insurance
• D. Solvency

Answer: (A)

Non-guaranteed policy elements are the parts of a life insurance illustration that depend on future events, such as projected dividends or credited interest. The term for those elements as they’re shown in the document that presents potential values is illustrations, because this документ is specifically the illustration that displays both guaranteed values and potential, non-guaranteed values for comparison. The other options don’t fit: “minor” isn’t a technical term in this context, “life insurance” refers to the product rather than the presentation of non-guaranteed values, and “solvency” concerns the insurer’s financial strength, not the illustrated values.

Non-guaranteed policy elements are the parts of a life insurance illustration that depend on future events, such as projected dividends or credited interest. The term for those elements as they’re shown in the document that presents potential values is illustrations, because this документ is specifically the illustration that displays both guaranteed values and potential, non-guaranteed values for comparison. The other options don’t fit: “minor” isn’t a technical term in this context, “life insurance” refers to the product rather than the presentation of non-guaranteed values, and “solvency” concerns the insurer’s financial strength, not the illustrated values.