Which document is typically required in a life insurance application?

The document that is most commonly required in a life insurance application is medical exam results. This is because insurers need to assess the risk associated with the applicant, and health status is a crucial part of that evaluation. A medical exam or health questionnaire provides the insurer with pertinent information regarding the applicant's health history, any pre-existing conditions, and lifestyle factors that could influence mortality rates.

In addition, the medical exam can reveal conditions that may not be disclosed in a regular application, allowing the insurer to make a more informed decision regarding policy issuance and premium rates. It is essential for accurately determining risk, setting appropriate premiums, and ensuring that the insured amount is suitable for the applicant's circumstances.

While a license identification number of the agent might be relevant for verifying the legitimacy of the application process, it does not directly pertain to the applicant's eligibility or risk assessment. Similarly, a copy of prior insurance policies and identification from the financial advisor, while they may provide useful information, are not as critical in the underwriting process as the medical exam results.