Which type of information is typically required in a life insurance application?

A life insurance application is comprehensive because it assesses the risk associated with insuring an individual. The correct answer encompasses several critical components: personal information, health history, lifestyle habits, and financial information.

Personal information is essential to identify the applicant, while health history provides insight into any pre-existing conditions or medical concerns that could affect life expectancy. Lifestyle habits, such as smoking or engaging in high-risk activities, are evaluated as they can significantly influence the risk profile. Additionally, financial information is relevant to understand the applicant's insurable interest and the purpose for the insurance, ensuring it aligns with underwriting guidelines.

These components collectively provide a thorough view of the applicant's overall health and risk, which insurers use to determine coverage options and premiums. The focus on multiple facets of a person's life and health is a critical aspect of underwriting in the life insurance industry.