Which of the following must life insurance illustrations include?

Life insurance illustrations serve as important tools for agents and policyholders to understand the potential benefits of a life insurance policy. One of the key components that every illustration must include is the illustration date. This date is essential because it establishes when the illustration was prepared, providing the context for the figures presented. Life insurance products, interest rates, and other financial projections can change over time, so the illustration date allows both the client and the insurer to reference the data's accuracy and relevance at that specific point in time.

Including the illustration date ensures that agents and consumers have a clear timeline, and it protects both parties by making it clear that the projections are based on the circumstances and values existing at the time of the illustration's creation. This helps avoid misunderstandings about how current or applicable the information is when making decisions regarding purchasing life insurance.