What information must whole life policies include regarding cash value?

Whole life policies are designed to provide coverage for the insured's entire lifetime, with a cash value component that grows over time. It is important for policyholders to understand the guaranteed cash values that their policies will accumulate. This is why the correct answer includes a table that shows the guaranteed cash value for the first 20 years of the policy.

This table provides clear and precise information about how much cash value the policyholder can expect, which is essential for making informed decisions about the policy, planning for future financial needs, and understanding the policy's performance over time. Knowing the guaranteed cash value helps the insured understand the financial benefits available to them through policy loans or surrendering the policy.

The summary of the policy's benefits provides useful information, but it does not specifically address the cash value aspect. A detailed report of all premiums paid is valuable as well, but it does not directly inform the policyholder about the growth and guarantees of the cash value. The list of policy exclusions is necessary for understanding the limitations of coverage but again does not relate to the cash value component of whole life insurance.