Why is a signed good health statement requested from an applicant at the time of policy delivery?

A signed good health statement is a crucial element during the policy delivery process because it serves to confirm that the applicant maintains the health status they declared when applying for the policy. When an applicant submits an application for life insurance, it may be contingent upon their health at the time of the application. If the initial premium was not paid at the time of application, the insurer requires the good health statement to ensure that the insured's health has not deteriorated since the application date. This verification reduces the insurer's risk by protecting against potential adverse health changes that could affect the underwriting decision.

In many cases, without this statement, the insurer cannot enforce the policy or might be liable in circumstances where the insured's health has changed adversely. Therefore, it is not merely a formality but a necessary safeguard ensuring that the terms of the policy match the current health status of the insured.