When may a signed good health statement be requested by a life producer?

A signed good health statement is typically requested by a life producer at the time of policy delivery. This is crucial because the insurer wants to ensure that the insured's health has not changed since the application was submitted. The good health statement acts as a confirmation that the applicant is still in good health and meets the underwriting requirements before the policy becomes effective. This is particularly important since any changes in health status could affect the insurer's willingness to provide coverage or the terms of that coverage.

At policy renewal and claims processing, the necessity for a good health statement is generally not applicable, as these processes do not involve the initial underwriting phase. Policy delivery is the critical juncture where the insurer confirms that the individual’s health remains satisfactory from the point of the application to the time they are actually receiving the policy.