Important Policy Summary Guidelines for Life Insurance Clients: Key Features Explained

What information must appear on the policy summary provided to a life insurance client?A. The producer’s name and home addressB. The producer’s agency’s name and addressC. A copy of the producer’s licenseD. The producer’s name and addressThe producer’s name and address

The producer’s name and address*The producer’s name and address along with the address of the insurance company must appear on the policy summary.

The correct answer is D. The policy summary provided to a life insurance client must include the producer’s name and address. It should also include a summary of the key features of the policy, such as the death benefit amount, premium amount, and any riders or endorsements that have been added to the policy. The purpose of the policy summary is to help the client understand the main terms and benefits of the policy, so it is important that the summary is clear and easy to understand. Other information that may be included on the policy summary could include the policy number, the insurance company’s name and contact information, and the policy issue date.

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