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Society Releases VL Illustration Questionnaire

DALLAS--The American Society of CLU & ChFC has released a Variable Life Insurance Illustration Questionnaire (VIQ), the latest in its series of documents designed to aid in disclosure of the assumptions underlying life insurance illustrations.

The VIQ, which is designed to help companies educate their agents, contains 27 questions on the nonguaranteed and guaranteed elements, except investments, of a variable life policy that can affect the product's future performance. The three main elements are mortality, expenses and persistency.

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Nichole Morford

Nichole Morford
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