In the context of life insurance, which document is essential for the consumer to compare policy prices?

The Buyer's Guide is an essential document for consumers when comparing life insurance policy prices. This guide is specifically designed to provide clear and objective information about different types of life insurance policies, the benefits, and the costs associated with them. It allows consumers to understand various factors affecting their insurance options, thereby making informed choices when selecting a policy.

By presenting a standardized format and common terminology, the Buyer's Guide enables consumers to evaluate and compare multiple insurance policies effectively. This is crucial as life insurance can be complex, and having a resource that simplifies the decision-making process is invaluable for the consumer.

While other documents, such as policy illustrations and disclosure statements, provide important details regarding specific policies and their features, they may not offer the broader comparative context that the Buyer's Guide does. The Notice Regarding Replacement, while critical in situations where one policy is being replaced by another, doesn't serve the purpose of comparing across various policy options in the market.