The entire contract includes the actual policy and the

• A. The policy and the rider endorsements
• B. The policy and the application
• C. The policy alone
• D. The application alone

Answer: (B)

The main idea here is what makes up the legally binding contract in life insurance. The entire contract isn’t just the paper policy itself; it includes the information the applicant provided in the application because that material information helps form the basis of the insurer’s promises and the insured’s coverage. When the application is incorporated into the contract (by being attached or by reference), it becomes part of what the insurer and insured agree to. Misstatements or omissions on the application can affect validity or coverage, so the application and the policy together define the complete agreement.

That’s why the option including the policy and the application is the best choice. The policy provides the stated promises and benefits, while the application supplies the insurability and pricing context that governs the contract. The rider endorsements are typically part of the policy language, but the core of what completes the contract for purposes of this question is the combination of the policy and the application.