What life insurance policy provision states that both the policy and a copy of the application form the contract between the policyholder and the insurer?

The Entire Contract provision is fundamental in life insurance policies as it establishes the principle that the policy, along with the application, constitutes the complete agreement between the policyholder and the insurer. This provision ensures that the insurer cannot make unilateral changes or deny claims based on conditions or promises that are not included within the policy and application.

By highlighting the significance of this provision, policyholders are protected against any unauthorized alterations or misunderstandings that may arise regarding the terms of the contract. It mandates that all aspects—what is written in the policy and what was disclosed in the application—are binding. Thus, if there are any discrepancies or disputes, the policyholder can refer back to this complete contract as the definitive source governing their insurance agreement. This adds a layer of transparency and trust in the relationship between the insurer and insured.