In this example, assume a participating plan has 4 policies A, B, C, D effective in three different years.
| Policy | Policy Effective Year | Actual non-guaranteed benefits | Illustrated non-guaranteed benefits at the point of sale |
|---|---|---|---|
| A | 2019 | 95 | 100 |
| B | 2018 | 275 | 250 |
| C | 2018 | 190 | 200 |
| D | 2017 | 150 | 135 |
Fulfillment ratio for this participating plan would be as follows.
| Fulfillment ratio for reporting year 2023 | |||
|---|---|---|---|
| Policy Year (Policy effective in) | |||
| 1-3 (2022-2020) | 4 (2019) | 5 (2018) | 6 (2017) |
| N/A(1)* | 95% = 95/100 (Policy A) | 103% = (275 + 190)/(250 + 200) (Policy B&C) | 111% = 150/135 (Policy D) |
*N/A(1): the products were closed to sale.
