Narrative Summary - describes any critical illness insurance policy features, riders or options (guaranteed or non-guaranteed) shown in the Basic Illustration and the impact that they have on the benefits and values of the critical illness insurance policy; in addition, defines the column headings and key terms used in the illustration.

 Numeric Summary - summarizes death benefits, values and premiums for three or four particular critical illness insurance policy years using guaranteed, midpoint, and current assumptions; includes statements of understanding that must be signed by both the applicant and the agent.

Tabular Detail - shows death benefits, values, and premiums for all critical illness insurance policy years until age 100, policy maturity, or final expiration. Revised Basic Illustration - an updated version of the Basic Illustration, which illustrates the policy as issued.

Supplemental Illustration - an illustration furnished in addition to a Basic Illustration that may be presented in a format differing from Basic Illustration, which can only depict the same underlying premiums and a scale of non-guaranteed elements that is not more favorable than these same components in the Basic Illustration.

The NAIC regulation clearly states that, during the sales process, an agent may not do any of the following. Doing so constitutes a violation of these regulations. If an agent violates any of these rules, you should immediately find another agent and, if necessary, contact your State’s Insurance Department. The agent may not:

• Illustrate the non-guaranteed elements of a critical illness insurance policy in a format that is not compliant with the regulation (as discussed above)
• Represent the critical illness insurance policy as anything other than life insurance.
• Use or describe non-guaranteed elements in the policy that are misleading or could mislead.
• Imply that the amount of non-guaranteed elements is guaranteed.
• Represent that premium payments are not required.