Final answer:
During the life insurance application process, a producer is required to obtain medical history, financial status, and lifestyle habits, but not political affiliation, which has no basis in affecting insurance risk or life expectancy. Option c.
Step-by-step explanation:
During the life insurance application process, producers are generally concerned with evaluating the risk associated with insuring an individual, which involves gathering comprehensive information about the applicant's medical history, financial status, and lifestyle habits.
These factors are important as they can directly influence an individual's life expectancy and, thus, the risk to the insurer. For example:
Medical history can reveal past and current health issues that might affect life expectancy.
Financial status is relevant to determine the amount of coverage a person may need and their ability to pay premiums.
Lifestyle habits, such as smoking or engaging in dangerous activities, can significantly increase risk.
However, an individual's political affiliation is not relevant to the risk assessment process in life insurance applications. Unlike medical or lifestyle information, political affiliation does not have an actuarial basis for affecting life expectancy or insurance risk.
Therefore, c) Political affiliation is the correct answer; this information is not required during the life insurance application process.