What must be disclosed when applying for life insurance?

When applying for life insurance, the disclosure of smoker status is crucial because it directly impacts the insurer's assessment of risk. Life insurance companies use this information to determine premiums and underwriting criteria. Smokers generally present a higher risk of health issues and shorter life expectancy, leading insurance providers to charge higher premiums or impose additional restrictions.

Each of the other options, while relevant to a life insurance application, may not be as critical to the underwriting decision as smoker status. Age, employment history, and annual income can affect coverage options and premium rates, but the immediate health implications of being a smoker often hold greater weight in the underwriting process. Insurers are highly concerned with lifestyle choices, particularly those that can significantly affect health outcomes, hence the importance of disclosing smoker status during the application process.