When is a Statement of Good Health typically required at delivery?

A Statement of Good Health is typically required at delivery when no premium was paid at the time of application. This is because the insurance company needs to ensure that the applicant is still in good health before they finalize the policy and accept the associated risk. Since the policy is not yet active without an initial premium payment, confirming the applicant's current health status is essential for the insurer to mitigate risk adequately.

In contrast, scenarios such as the applicant being over age 65, the policy being term insurance, or the policy being participating generally do not inherently necessitate a Statement of Good Health at the time of delivery. These factors might influence underwriting considerations or policy features, but they do not directly dictate the requirement for a health statement in the same way that the absence of a premium at application does. Therefore, the need for a Statement of Good Health is specifically tied to the condition of premium payment and maintaining up-to-date health information.