I have now found out my client had a 1099LS. (He neglected to give me that with his documents)

It reports the proceeds of the life insurance sale.

But I am confused about whether the 1099SB is an information return and the 1099LS is the proceeds which I must report.

And...is ordinary income the amount of his cash value noted on 1099SB and capital gain the amount of proceeds in excess of cash value.?

So would I report the amount on the 1099LS in two places,  as ordinary income on Schedule 1 and the amount in excess of the cash value  on Schedule D?