A carrier shall provide to each applicant an outline of coverage and buyer’s guide. The carrier shall deliver the outline of coverage and buyer’s guide: in the case of solicitation by the carrier or insurance producer of the carrier, before the presentation of an application or enrollment form; and in the case of direct response solicitation, with the application or enrollment form. The outline of coverage shall include: a description of the principal benefits and coverage provided in the policy or contract; a statement of the principal exclusions, reductions, and limitations in the policy or contract; a statement of the renewal provisions, including any reservation in the policy or contract of a right to change the schedule of premiums; a statement that the outline of coverage is a summary of the policy or contract issued or applied for and the policy or contract should be consulted to determine the governing contractual provisions; and any expected premium increases or additional premiums to pay for automatic or optional benefit increases, including a reasonable hypothetical or graphic demonstration of the potential premiums that the applicant will need to pay at age 75 for benefit increases. The buyer’s guide shall include information about buying a policy of long–term care insurance, including a reference to the right of the buyer to cancel a policy during the first 30 days after the policy is delivered. A carrier shall provide an applicant with a graphic comparison, over a period of at least 20 years, of the benefit levels of a policy that increases benefits over the policy or certificate period compared to the benefit levels of a policy that does not increase benefits.