What document may be used to legitimize policy benefits or terms?

The correct answer is illustration or sales material, which plays a crucial role in demonstrating the features and benefits of a policy before it is purchased. Illustrations are typically used to provide a visual representation of how the policy may perform over time and include projections based on various assumptions. This document is essential for helping potential policyholders understand what they can expect regarding coverage, benefits, and premiums.

Using such materials, insurers are able to clearly communicate the terms of the policy, including potential returns and how the benefits may be realized. This transparency helps ensure that consumers make well-informed decisions when selecting insurance products, aligning their expectations with the insurer's offerings. Overall, illustrations serve as a vital bridge between the insurer’s promises and the policyholder's understanding, solidifying the legitimacy of the policy benefits.