What is a key benefit of reviewing the prospectus before purchasing Variable Life Insurance?

Reviewing the prospectus before purchasing Variable Life Insurance is crucial because it provides detailed information necessary for informed decision-making. The prospectus outlines important features of the insurance policy, including the investment options available, associated risks, fees, and how the policy functions in various market conditions. This transparency allows potential buyers to understand the potential benefits and drawbacks, enabling them to make a more informed choice about whether the policy aligns with their financial goals and risk tolerance.

In contrast to other possible benefits mentioned, the prospectus does not guarantee returns on investments, nor does it simplify the purchase process significantly. Instead, it serves as a comprehensive resource that presents all essential information a buyer needs. Additionally, while it may list the investment choices available, it does not specifically outline which ones are the best, as investment performance can vary based on market factors. Thus, the prospectus is a foundational document that supports informed decision-making, making it a key benefit to review before making a purchase.