The illustrations should extend to age 95 or 99 to be sure the death benefit doesn't decrease at these older ages. Advisors will want to be sure the illustrations don't fail after life expectancy. The problem is compounded if there is term insurance in the illustration that is not replaced because dividends have been insufficient to pay premiums. An alternative illustration assuming a very low dividend assumption and extending to age 99 will provide the insight needed to properly advise applicants. These questions should be answered before obtaining the policy.
Some consumers object to using personal dollars to purchase insurance.
Under split dollar, most of the premium is funded by the corporation.