Tennessee Life Producer Practice Exam

A policyholder must submit which of the following before a life insurance policy is issued?

1. A medical report

2. A signed application

3. A financial statement

4. Proof of income

The correct answer is: A signed application

A signed application is essential for the issuance of a life insurance policy as it serves as a formal request for coverage from the policyholder to the insurance company. This application contains crucial information about the applicant, including personal details, health history, and other factors that the insurer needs to assess risk and determine the terms of coverage. While other documents such as a medical report or financial statement may be requested during the underwriting process, they are not universally required before issuing all life insurance policies. The application itself is the foundational document that starts the process, allowing the insurance company to evaluate the applicant's eligibility and risks associated with providing life insurance.