Illustration Annual

An Illustration Annual is a detailed report prepared by insurance companies that outlines the projected financial performance of a life insurance or investment product over a specified period, typically one year. It shows how the policy might grow in value, including assumptions about interest rates, expenses, and benefits. This report helps policyholders understand potential outcomes and make informed decisions about their policies. Essentially, it’s like a forecast or projection that provides insight into how the policy’s value could change under various conditions, aiding transparency and planning.