When must the summary for an individual life policy with accelerated benefits be provided?

The requirement for providing a summary for an individual life policy with accelerated benefits is typically focused on ensuring that the insured has a clear understanding of what these benefits entail before making any decisions related to the policy. The correct approach is to provide this summary before the policy is issued. This timing helps ensure that the policyholder is aware of the accelerated benefits and their implications, allowing for informed choices regarding coverage.

Providing this information at the time of application or upon request may not guarantee that the policyholder has sufficient understanding of the policy features before committing to the purchase. Regular monthly distribution or access to this information is unnecessary and may lead to confusion or misinterpretation if it does not coincide with the moment the insured needs to make a decision regarding their coverage.