Need A Financial Product Forums Insurance Is life insurance sales illustration, a legal document like a contract? Is-life-insurance-sales-illustration-a-legal-document-like-a-contract_REPLY


Kirti Desai

A sales illustration is not a legal document and legal obligations of a life insurance policy are spelled out in the policy itself. Therefore, a policyholder must read the fine print of the contract carefully to ensure that he/she understands the exact nature of the policy, the risks that are covered as well as the limits or exclusion clauses, before signing the contract.

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