Which of the following is typically excluded from a life insurance policy illustration?

In life insurance policy illustrations, specific items are often highlighted to present the policy's features and benefits accurately, while others may not be included to maintain clarity and focus on the essential aspects of the policy. The names of the beneficiary are typically excluded from a life insurance policy illustration because these illustrations aim to summarize the policy's mechanics without disclosing personal information about individuals involved.

By omitting beneficiary names, the illustration can maintain confidentiality and focus on numerical and comparative data, such as projected cash values, premium schedules, and death benefits. This helps potential policyholders understand how the policy works, its cost, and the potential financial outcomes without personal identifiers that do not affect the mechanics or values presented in the illustration.

The other elements, like the premium payment schedule, policy coverage details, and death benefit amounts, are essential for illustrating how the policy functions and its financial implications, thus they are included in policy illustrations to inform policyholders effectively.