If a life policy is replaced by a new life policy, all of the following...

A complete dividend history of the policy to be replaced is not one of the required replacement forms. Replacement transactions require signed statements and disclosures because the applicant must understand that replacing an existing policy can create disadvantages, including surrender charges, new acquisition costs, loss of guaranteed values, loss of incontestability protection, and a new suicide exclusion period. The producer and applicant typically sign the replacement notice or disclosure, and policy summaries or illustrations may be used to compare the proposed coverage with existing coverage. However, the regulation does not require a full dividend history of the old policy as a required form. Dividend information may be relevant in comparing participating policies, but a “complete dividend history” is not a mandated replacement form. This is the exact trap in the question: it sounds useful, but it is not a required replacement document. Reference topics: Replacement Forms, Policy Summary, Applicant and Producer Statements, Life Insurance Replacement Rules.