Which condition is a standard requirement for issuing a life insurance application?

A standard requirement for issuing a life insurance policy typically includes the collection of the first premium payment. This payment is crucial as it represents the commitment of the policyholder to the insurance agreement. Insurers often require the initial premium to be paid before the insurance coverage begins, ensuring that a binding contract is formed between the insurer and the insured.

While medical checkups, personal statements, and health questionnaires can certainly be part of the underwriting process, the actual issuance of the policy is not contingent upon their completion. The first premium payment serves as a clear indicator of the applicant's intent to enter into the insurance contract, making it a fundamental requirement for issuing life insurance policies.