When the initial premium is paid with an application for life insurance, the producer must give the applicant:

Producers do not give applicants a portion of their commission when an initial premium is paid. Commissions are internal financial arrangements between insurers and producers and are unrelated to the applicant's transaction or the application process. Thus, this choice does not align with standard practices in life insurance transactions.

While a statement of good health may be required as part of the application process, it is not something that the producer gives to the applicant upon paying the initial premium. Instead, it is typically a form that the applicant must complete, affirming their health status to the insurer. This choice does not fulfill the requirement of what must be provided upon payment.

A copy of the policy is not provided at the time of application and initial premium payment. The policy is issued only after the application is reviewed and approved by the insurer, which may take time. Therefore, this option does not meet the criteria for what the producer must give at that specific moment.