What information must be disclosed to a client when an illustration is not provided?

When an illustration is not provided, it is essential to inform the client that no illustration has been presented. This requirement ensures transparency in the communication between the insurer or agent and the client. A statement confirming the absence of an illustration helps the client understand that they are not receiving specific, projected details about the policy's performance over time, which might normally be illustrated through graphical depictions of costs, benefits, or growth.

Providing this acknowledgment allows the client to recognize the limitations of the information they have received and encourages them to seek further clarity or additional information before making a purchase decision. This disclosure aligns with the principles of informed consent and responsible selling practices within the life insurance industry, ensuring that clients are not misled about the nature of the product they are considering.