(1) A basic illustration shall include the
following for at least each policy year from one to 10 and for every fifth
policy year thereafter ending at age 100, policy maturity or final expiration;
and except for term insurance beyond the twentieth year, for any year in which
the premium outlay and contract premium, if applicable, is to change:
(a) the premium outlay and mode the applicant
plans to pay and the contract premium, as applicable;
(b) the corresponding guaranteed death benefit,
as provided in the policy; and
(c) the corresponding guaranteed value available
upon surrender, as provided in the policy.
(2) For a policy that provides for a contract
premium, the guaranteed death benefit and value available upon surrender shall
correspond to the contract premium.
(3) Non-guaranteed elements may be shown if
described in the contract. In the case
of an illustration for a policy on which the insurer intends to credit terminal
may be shown if the insurer's current
practice is to pay terminal dividends.
If any non-guaranteed elements are shown they must be shown at the same
durations as the corresponding guaranteed elements, if any. If no guaranteed benefit or value is
available at any duration for which a non-guaranteed benefit or value is shown,
a zero shall be displayed in the guaranteed column.