Answer:
The date on the receipt
Explanation:
Life insurance is a form of insurance where the insurer or the insurance firm guarantees that death benefit will be paid to the beneficiaries of the life insurance policy holder on his death , while the policy holders pays a stipulated premium in his life time.
At the point of policy delivery , the policy holder is expected to sign a statement of continued good health to ensure that the risks of the insurer is minimized , a duty expected to be enforced by the underwriter. However , if the underwriting approves before requiring for a medical exam , the coverage becomes effective on the date on the receipt.
