What is determined after the underwriting process is completed?

The underwriting process is critical in evaluating a life insurance application. It involves assessing various factors related to the applicant's health, lifestyle, and other risk factors. Once this thorough assessment is completed, the insurer can determine the final premium that the applicant will be required to pay.

The final premium reflects the risk that the insurance company is taking on by insuring the applicant. It considers the applicant's health history, current medical status, and any other underwriting criteria established by the insurer. This is why determining the applicant's final premium is a key outcome of the underwriting process; it ensures that the premium accurately corresponds to the level of risk presented by the applicant.

In contrast, the other options do not directly arise from the completion of the underwriting process. Initial contact with the applicant occurs before underwriting begins, while the date of policy delivery and the reason for application denial are procedural elements that may or may not directly follow the underwriting assessment but are not its definitive outcome.