Which provision makes the application part of the annuity contract?

The correct choice relates to the entire contract clause, which is a fundamental provision in insurance and annuity contracts. This clause stipulates that the application for the annuity, along with the policy itself, constitutes the complete agreement between the parties involved. Essentially, it means that all the terms and commitments related to the annuity are encapsulated within the policy documents, including the details provided in the application form.

By including the application as part of the annuity contract, the insurer can hold the applicant accountable for the information provided during the application process. This provision ensures that any misrepresented or omitted information in the application can affect the validity of the contract, such as in cases of fraud or misinformation. Therefore, when a claim occurs, the insurance company may rely on the application as well as the formal policy to assess coverage and obligations.

The other options present different concepts related to insurance but do not serve to integrate the application as part of the annuity contract in the same comprehensive manner as the entire contract clause does. For instance, the exclusion clause typically outlines what is not covered by the policy, while the indemnity clause relates to compensating the insured only to the extent of the loss suffered. The waiver clause allows for the relinquishment of a right or