An illustration must be provided at the time of policy delivery.

• A. True
• B. Only if requested
• C. False
• D. Only for some policies

Answer: (A)

Policy illustrations explain how the policy could perform, including guaranteed and non-guaranteed elements, so they help a buyer understand what they’re purchasing. Regulators require that a current illustration be provided at the time of policy delivery to ensure the owner has clear, up-to-date information with the contract, before finalizing the purchase. This protects consumers from surprises and potential misrepresentation by ensuring transparency about projected values, premiums, and how the death benefit and cash value may evolve. Since the illustration is a standard disclosure and not something that depends on a request or only applies to certain policies, the statement is true.