Disclosure ***

1. Agent must give Buyer's Guide & a Policy Summary before accepting the premium, although,
2. These are not required if policy provides for unconditional refund for least 14 day, but must be given to the applicant when the policy is delivered.

Buyer's Guide & Policy Summary***

The purpose is

• to improve the buyer's ability to select the most appropriate plan of life insurance,
• improve his understanding of the basic features of the policy that has been purchased or that is under consideration, and
• improve the ability of the buyer to evaluate the relative costs of similar plans of life insurance.

Policy Summary ***

This is a written statement including, but not limited to:

• A prominently placed title as follows: STATEMENT OF POLICY COST AND BENEFIT INFORMATION
• Name & address of the agent
• Full name & home office address of the life insurance company
• The generic name of the policy and of each rider
• The following amounts:
  • the annual premium for the basic policy
  • the annual premium for each rider
  • the guaranteed amount payable upon death
  • the total guaranteed cash surrender values
  • the cash dividends payable at the end of the year (separately for the basic policy and each rider) for 20 years
  • loan annual percentage rates, including maximum rate
  • life insurance cost indexes for 10 & 20 years
• The equivalent level annual dividend for the duration at which cost indexes are displayed (if participating company)
• A statement that dividends are not guaranteed and that illustrations are based on the company's current dividend scale
• The date on which the Policy Summary was prepared