Which information is not required to be included in a whole life policy?

In a whole life policy, certain details are fundamental to understanding the benefits and structure of the insurance contract. Required disclosures generally include the guaranteed cash value, which outlines the amount the policyholder can access if they choose to surrender the policy. The premium payment schedule is also necessary as it informs the policyholder when premiums are due and how much they need to pay to keep the policy in force. Additionally, the face amount of the policy, which is the death benefit payable upon the insured's death, is a crucial piece of information that needs to be communicated clearly.

On the other hand, the guaranteed dividend table is not a mandatory inclusion in a whole life policy. While many whole life policies that are participating policies may offer dividends to policyholders, the expected dividends are not guaranteed. Therefore, their detailed breakdown in a table format does not meet the same requirement for disclosure as the other elements of the policy, which are fundamental to the structure and benefit of the insurance coverage. This distinction clarifies why the guaranteed dividend table is not required information in a whole life policy.