Your Life Insurance Illustrations Must Contain The Following Minimum Information

But ensuring that your illustrations are accurate will help you sell more life insurance.

Life insurance illustrations are a key part of the life insurance sales process. They must accurately reflect the information and features of the policy being sold in order to create a compelling vision for the customer. This post will outline the minimum information that life insurance illustrations must contain in order to be compliant with the New York State Department of Financial Services (DFS) regulations.


1. The Facts of Life

Unless you want your potential customers to walk away from your life insurance illustration thinking you're a complete amateur, you need to include the following minimum information in your illustrations:
-The Facts of Life
-Your Policy Details
-Your Face

It may seem like a small detail, but ensuring that your illustrations are accurate will help you sell more life insurance. Potential customers want to feel reassured that you're a credible insurance company, and that you're willing to take the time to ensure that your illustrations are accurate.
If your illustrations are inaccurate, you could end up losing customers who are actually interested in buying life insurance from you.


2. The Important Details

To illustrate life insurance products the right way, there are a few things you need to include in your illustrations.
First and foremost, the illustrations should be life-like. Customers want to see themselves in the illustrations and be able to visualize how life might be after a policy is taken out.
Second, the illustrations must accurately represent the coverage a policy offers. Customers need to be able to understand what type of protection the policy offers and how much money would be available in the event of an unexpected death.
In addition, the illustrations should be visually appealing. Customers want illustrations that are interesting to look at, and they need to be able to understand what the illustrations are saying without having to read the text.
Lastly, the illustrations should be easy to understand. Customers need illustrations that are easy to understand and read without having to decipher too many details.


3. The Visuals that Show It All

When creating life insurance illustrations, it is important to include all the necessary information in a way that is visually appealing. This includes including the following minimum information:

-The age of the beneficiary
-The amount of coverage
-The amount of premium
-The policy term
-The coverage conditions
-The optional rider sections

In order to ensure that your illustrations are viewer-friendly and informative, use the right fonts, colors, and sizing. This will help your illustrations communicate the important information in an easy-to-understand way.


4. The Paragraph That Summarizes It All

In order for a life insurance illustration to be effective, it must contain the following minimum information:

-The customer's age
-The customer's marital status
-The customer's children's age and marital status
-The customer's citizenship
-The customer's place of residence
-The customer's occupation
-The customer's number of dependents
-The customer's total assets
-The customer's total liabilities

This information is necessary in order to price the customer's risk appropriately and provide the customer with the necessary information to make an informed decision.


5. Illustrations That Are Eye-catching and Informative

When you're creating life insurance illustrations, it's important to keep in mind the following minimum information:
-Your company's name
-Your policy type(s)
-Your policy limits
-The ages of you and your spouse
-The coverage type(s)
-Your payment options
-Your premium
-Your illustration must be eye-catching and informative. The last thing you want is for your potential customers to put your illustrations away and forget about you.


6. The Postscript

In order to provide the best possible service to your clients, life insurance illustrations must contain the following minimum information:
The Illustrator's Name
The Type of Illustration
The Date of the Illustration
The Illustrator's Phone Number
The Illustrator's Email
A Proof of the Illustration
The Illustrator's Website
The Illustrator's Social Media Accounts


7. Acknowledgments

Acknowledgments are an important part of any life insurance illustration. They should include the following:

1. The name of the life insurance illustration artist
2. The date the illustration was created
3. The name of the client who commissioned the illustration
4. The caption or text accompanying the illustration

It is important to have accurate and up-to-date acknowledgments to avoid any legal issues. Clients may be able to claim copyright infringement if they believe their name or image was used without their permission. A good way to avoid this is to contact your clients and ask for permission before creating any illustrations.


8. References

The illustrations that are used in life insurance ads must include the following information:
-The policyholder's full name
-The policyholder's date of birth
-The policyholder's gender
-The policyholder's marital status
-The policyholder's occupation
-The policyholder's place of residence
-The policyholder's telephone number
-The policyholder's state of health
-The policyholder's estimated date of death
-The premium amount
-The policy type
-The coverage amount
-The term of the policy
-The face of the policyholder

This information is required by state law and it is vital that your illustrations contain it. Failure to include it can lead to a loss of advertising revenue.


9. About the Author

There are a few things that life insurance illustrations must contain in order to be effective. First and foremost, the illustrations must be true-to-life. This means that the proportions and features of the person in the illustration must be accurate. Additionally, the illustrations must accurately portray the features and conditions of life insurance.

The illustrations must also be easily understood. A life insurance illustration should be easy to comprehend, whether it is for a person who is not familiar with life insurance or for a person who is already knowledgeable about life insurance.

Last but not least, the illustrations must be emotionally appealing. People are often emotionally attached to images, and this includes images of people in life insurance illustrations. Therefore, life insurance illustrations should be designed in a way that is emotionally appealing to the viewer.


10. Copyright and License Information

The illustrator must include the following information in every illustration:
1. The illustrator's name and contact information
2. The date the illustration was created
3. The source of the illustration (if it is not the illustrator's own work)
4. A link back to the illustrator's website
5. A copyright statement

If the illustrator does not include this information, the illustrator may be subject to copyright infringement and may be subject to civil and/or criminal penalties.

 


We hope you enjoyed our blog post about how life insurance illustrations must contain the following minimum information. Life insurance illustrations must be clear, concise, and easy to understand. They should also be designed to grab the viewer's attention, and should accurately reflect the information contained in the policy. By following these guidelines, you can make sure that your life insurance illustrations are top-notch and will help you sell more policies!
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