Which statement is correct regarding an applicant for life and health insurance?

The correct statement highlights that the applicant's medical history may be analyzed and reported. This process is a standard part of underwriting for life and health insurance. Insurers assess the medical history of an applicant to evaluate risk and determine eligibility for coverage, as well as to establish premiums. This thorough review helps the insurer understand any potential health issues that could affect the applicant's longevity and the overall risk associated with providing life or health insurance.

Analyzing medical history is crucial because it provides insight into pre-existing conditions, previous health issues, and overall health status. This information allows insurers to make informed decisions about coverage options and pricing, ensuring that they can manage their risk effectively.

In the context of the other options, while credit history might sometimes be considered for certain types of insurance or in specific circumstances, it is not a standard factor for evaluating applicants in life and health insurance. Employment history can be relevant, but it is not analyzed to the extent that medical history is. Lastly, a clean health record is not a requirement for receiving life and health insurance; many applicants may have existing health conditions and still qualify for coverage, albeit potentially at different pricing or conditions.