What information goes in the permanent-insurance illustration table?

Use the illustration from the insurer or insurance advisor. After the policy’s main form, complete the annual table for premiums paid out of pocket, policy withdrawals, policy loans and repayments, loan balance, death benefit, cash surrender value and adjusted cost basis as requested.

Balance columns refer to year-end values. For an existing policy, the app also needs the relevant previous-year balances. Copying the table into a spreadsheet can help: fill it from the illustration, paste it back into the provided box, click Parse and review it before saving.

TIME MACHINE follows the supplied illustration. It does not derive all of a whole-life or universal-life policy’s future values from one investment return. If policy-loan interest changes the illustration balances, those effects need to be reflected in the supplied schedule.

A loan from an outside institution using the policy as collateral belongs in LOANS instead. Do not enter that same borrowing again as a loan made by the insurer in the illustration table.