Using Inforce Illustrations Effectively

Inforce illustrations take historical policy data to make future projections. They can also show the impact to policy performance of loans, withdrawals, premium changes and death benefit changes.

What is the best tool to show how a policy has performed?

The annual statement summarizes recent performance for the past year. It summarizes the current death benefit, total annual premiums paid, any outstanding loans, the cost of insurance and other riders, as well as index crediting history for the past three years shown as a % credited.

What is the best tool to see how a policy might perform in the future?

Run an inforce illustration. This will take actual historical performance and project future performance. You can illustrate the impact of premium changes, loans/withdrawals, and death benefit changes.

Inforce illustrations are subject to NAIC guidelines and other regulatory rules. Comparing older illustrations to a current illustration is often not a good comparison. Regulations may have changes how we can illustrate, and there may have been changes in interest rates, caps and participation rates.

Running an inforce illustration is as simple as a sales illustration.

For complex illustrations or illustrations run on older software, please email LifeCustomerService@Nationallife.com. Include the policy number and any other relevant information such as the client’s goals.