Utah Code § 31A-22-631: Policy summary or illustration.

(1)

(a) Except as provided in Subsection (1)(b), at the time a life insurance policy is delivered, a policy summary or illustration shall be delivered for the life insurance policy if:

(i) the life insurance policy includes riders or supplemental benefits, including accelerated benefits; and

(ii) receipt of benefits under the life insurance policy is contingent upon morbidity requirements.

(b) In the case of a direct response solicitation, the insurer shall deliver the policy summary or illustration at the sooner of:

(i) the applicant's request; or

(ii) at the time of policy delivery regardless of whether the applicant requests a policy summary or illustration.

(2) In addition to complying with all applicable requirements, the policy summary or illustration shall include:

(a) a clear and prominent disclosure of how the rider or supplemental benefit interacts with other components of the policy, including deductions from death benefits and policy values;

(b) an illustration for each covered person of:

(i) the amount of benefits;

(ii) the length of benefits; and

(iii) the guaranteed lifetime benefits, if any;

(c) a disclosure of the maximum premiums for the rider or supplemental benefit;

(d) any exclusions, reductions, or limitations on the benefits of the rider or supplemental benefit; and

(e) if applicable to the policy type:

(i) a disclosure of the effects of exercising other rights under the policy; and

(ii) guaranteed maximum lifetime benefits.