What information does an insurance application typically include?

An insurance application typically includes comprehensive information about the applicant's financial background and medical history. This information is essential for the insurer to assess the risk associated with providing coverage. Understanding the applicant's financial background helps the insurer determine if the person is financially stable and capable of maintaining premium payments. Meanwhile, the medical history reveals any pre-existing conditions or health issues that might affect the likelihood of claims being filed. This careful evaluation forms the basis for underwriting decisions and premium calculations.

The other options do not encompass the necessary components of a standard insurance application. For instance, focusing solely on the health status misses the crucial element of the financial background. Moreover, including required signatures from friends is not a standard practice, as ownership and authority of the application rely solely on the applicant. Lastly, personal opinions about the insurer are subjective and not relevant to the factual data necessary for evaluating risk. Therefore, the correct answer reflects the comprehensive nature of the information required in an insurance application.