Which document delivered to the policyowner includes information about premium amounts, cash values, and death benefits?

The document that is delivered to the policyowner which includes vital information about premium amounts, cash values, and death benefits is the policy summary. This document serves as a concise overview of the policy and summarizes essential details that the policyowner needs to understand their coverage.

The policy summary outlines more than just the basic facts; it gives a clear picture of what the policy entails, helping the policyowner to make informed decisions regarding their insurance. This includes specifics on how much they will pay in premiums, the growth of cash value over time, and what beneficiaries would receive upon the policyholder’s passing.

Other documents mentioned do not fulfill this role. A privacy notice typically informs the policyowner about the handling of their personal information and does not provide financial details of the policy. A buyer's guide offers general information on life insurance products, aiding in the decision-making process but lacking the personalized financial breakdown found in a policy summary. A notice regarding replacement discusses the implications if a new policy replaces an existing one but does not detail the specifics of premiums, cash values, or death benefits. Thus, the policy summary is the essential document for understanding the financial aspects of a life insurance policy.