Which document provides specific information about a life insurance policy?

The policy summary is a critical document in the life insurance process, as it provides a concise overview of the essential features of a life insurance policy. This summary typically includes information about the coverage amount, premium payments, policy term, benefits, and any riders attached to the policy. Its purpose is to give prospective policyholders a clearer understanding of what to expect from the policy and how it meets their needs.

In contrast, while the policy outline serves a similar function of informing potential buyers, it may lack the comprehensive detail found in the summary. Policy endorsements usually modify the coverage provided in an insurance policy or add additional coverage options after the policy has been issued. Lastly, the policy application is primarily focused on the details provided by the applicant, such as personal information and health history, rather than the specifics of the policy structure itself.

The policy summary is thus essential for helping individuals make informed decisions regarding their life insurance options.