What document must be included with an individual life insurance policy sale in North Carolina to inform the policy owner?

When selling an individual life insurance policy in North Carolina, including a policy summary is essential to inform the policy owner about the details of their coverage. A policy summary outlines the policy's key features, benefits, and the costs associated with it. This document serves to enhance the policyholder's understanding of the insurance product they are purchasing, making it a critical component of the sales process.

It is important for the policy summary to include information such as the face amount, premium payments, surrender value, and any additional benefits or riders available. This transparency allows consumers to make informed decisions about their insurance options and ensures compliance with regulatory requirements aimed at protecting consumers in the insurance market.

The other documents and assessments listed are not specific requirements for an individual life insurance policy sale in North Carolina. While claim forms are essential for filing a claim on a policy, they do not serve the purpose of informing the policy owner prior to purchase. Annual reports provide insights into the financial performance of an insurance company and would not directly inform the prospective policyholder about their individual policy. A health risk assessment may be related to underwriting but is not mandated as a document to be provided to the policy owner at the point of sale. Thus, the inclusion of a policy summary is the correct choice to