The consideration clause in a life insurance contract contains what pertinent information? summary of benefits offer and acceptance entire contract amount of premium payments and when they are due

The amount of premium payments and when they are due.

In any contract, consideration refers to the exchange of things of value between the parties. For insurance contracts, the exchange is money for insurance coverage.

The amount of payment and when they are due

Explanation:

An insurance contract is a contract in which one party (the insurer) assumes the risk of other party (the insured) with a compensation if a specified  uncertain incidence happen in the future.

The consideration clause is a condition attached to an insurance policy that defines the cost of coverage and when payment is due.

Life insurance has four major consideration which are Tax implications , terms and conditions ,beneficiary and distribution option.

cognitive overload: having a lot on your mind impairs decision-making and tends to result in the simplest, but not necessarily best, option being selected.

empathy gaps: overlooking how you might feel in a different situation can result in unnecessary purchases, such as overbuying when shopping for food on an empty stomach.

optimism and overconfidence: wearing rose-tinted glasses and having unrealistic expectations about the future can affect money management and leave you unprepared for a change in circumstance.

instant gratification: seeking instant gratification drives impulsive spending and can undermine long-term planning and savings.

harmful habits: automatic or mindless behaviour can amplify a poor financial decision as it becomes a recurring event.

social norms: we are heavily influenced by the actions of others; while this can be in certain circumstances, it also contributes to the pressure to keep up with the joneses through conspicuous consumption.

answer; (cash) is the best out of the above; good luck