California law requires that a life insurance policy illustration show

Illustrations that show only guaranteed values do not provide a comprehensive view of the policy's potential performance. While guaranteed values are important, they do not reflect the full range of benefits that may be available through non-guaranteed elements, such as dividends or interest that could be credited to the policy.

Focusing solely on non-guaranteed values can be misleading, as these values are based on assumptions that may not materialize. Without the context of guaranteed values, consumers may have an unrealistic expectation of the policy's performance, making this approach inadequate for informed decision-making.

Illustrations that only show projected dividends fail to account for the guaranteed values of the policy, which are essential for understanding the minimum benefits that will be paid out. Projected dividends are contingent on the insurer's performance and may not be reliable indicators of the policy's total value.