Which of the following is typically included in a policy summary?

A policy summary is a document that provides essential information about a life insurance policy and is typically delivered to the policyholder. The inclusion of surrender values and premiums in the policy summary is crucial because it gives the policyholder a clear understanding of the financial aspects of the insurance policy.

Surrender values indicate the amount the policyholder would receive if they decide to terminate the policy before its maturity. This information helps the policyholder evaluate the policy’s worth and make informed decisions about their coverage. Premiums, on the other hand, outline the cost of maintaining the policy over time, allowing the policyholder to assess their financial commitment and budgeting requirements for the policy.

In contrast, while some of the other options might be relevant to a comprehensive understanding of the insurance product, they are not typically included in a policy summary. Copying previous policies, for instance, is not relevant to the policy summary and might not provide the current policyholder with actionable information for their present policy. Similarly, detailing the agent's commission structure is more internal information relevant to the insurer and agent relationship rather than something that is pertinent to the policyholder's understanding. Lastly, while knowing who the primary and secondary beneficiaries are is important in terms of the policyholder's estate planning, this designation