Once issued, the application becomes part of the ______.

• A. Binder
• B. Entire Contract
• C. Policy Declarations
• D. Proof of Insurability

Answer: (B)

The application becomes part of the Entire Contract. In life insurance, the Entire Contract includes the policy itself, any riders or endorsements, and all attached papers that were part of the agreement. Once the policy is issued and delivered, the statements on the application are incorporated into the contract because they were used to determine insurability and form the basis of the agreement. If those statements were false and material, they can affect coverage or claims under the policy. The binder is only a temporary agreement, and proof of insurability isn’t itself carried as a separate contract once the policy is issued.