Final answer:
A buyer's guide is a document that provides information about an insurance policy. V would likely receive the buyer's guide at the time of application. They should also receive a policy document outlining the terms and conditions of the coverage.
Step-by-step explanation:
In insurance terms, a buyer's guide is a document that provides information about a specific insurance policy. The buyer's guide is typically required to be given to the policyholder at the time of application or policy delivery.
In this case, since V purchased a policy that does not require an agent to purchase or deliver the policy, they would likely receive the buyer's guide at the time of application. This allows V to review the important details of the policy and make an informed decision.
Besides the buyer's guide, policyholders should also receive a policy document that outlines the terms and conditions of the insurance coverage they have purchased.