The intent of requiring a Buyer's Guide and Policy Summary is primarily to ensure what for the consumer?

The primary intent of requiring a Buyer's Guide and Policy Summary is to facilitate informed decision-making for the consumer. These documents are designed to provide essential information about the insurance products available, allowing consumers to understand their options, features, limitations, and costs associated with different policies. By presenting this information clearly and succinctly, consumers can compare different policies, make informed choices that suit their needs, and ultimately select the insurance coverage that best aligns with their financial situation and personal requirements.

This focus on informed decision-making is critical because it empowers consumers to take control of their purchasing process and helps prevent misunderstandings or miscommunications about the insurance product they intend to buy. Having a clear understanding of what they are purchasing allows them to avoid common pitfalls and make better decisions that serve their best interests over the long term.

The other options, while potentially related to consumer goals, do not align as closely with the direct purpose of the Buyer's Guide and Policy Summary. Faster claim processing, lower premiums, and immediate policy coverage are outcomes that may result from good decision-making or favorable insurance conditions but are not the primary focus of these educational resources.