Presentation or depiction of nonguaranteed elements of a life policy is called?

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The main idea here is understanding how life insurance policies show values that aren’t guaranteed. Nonguaranteed elements are things like projected cash value, potential dividends, and death benefits based on assumptions about interest credited, expenses, and mortality. An illustration is the tool that presents these expected values under specific assumptions, helping compare policies, while clearly signaling that these figures aren’t guaranteed and can change. Cash value itself can be a component shown in an illustration, but the term for presenting the non-guaranteed figures is illustrations. Estate and life insurance are unrelated to the concept of how nonguaranteed elements are depicted.