When must the Buyer's Guide to Life Insurance be provided to an applicant?

The Buyer's Guide to Life Insurance is designed to help consumers make informed decisions about purchasing life insurance products. The requirement for providing this guide ensures that applicants have access to crucial information about policy features, types of coverage, and considerations before they finalize their purchase.

Providing the guide at the time of policy delivery allows the applicant to review the information when they are most engaged with their decision-making process. This timing aligns with when they are receiving all the details associated with their specific policy, allowing them to compare what they have chosen with the broader context of available options outlined in the guide. This practice reinforces responsible selling and consumer protection by ensuring that individuals are not only well-informed before purchasing, but also understand the implications of their chosen policy once it is being delivered.

This approach enhances the applicant's ability to ask questions and address any concerns they might have about the policy, fostering a more transparent and educational buying experience.