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*

95%
= 95/100
(Policy A)

103%
= (275 + 190)/(250 + 200)
(Policy B&C)

111%
= 150/135
(Policy D)

*N/A: the products were closed to sale.