Delivery receipt is a form signed by the policyowner, and sometimes the insured, at the time a life or annuity policy is delivered, acknowledging that they have received the contract and any required disclosures. The receipt may also confirm that there have been no adverse health changes since application or that certain conditions have been met. Delivery receipts help carriers document policy delivery dates for free-look periods, contestability timelines, and regulatory requirements. They are an important part of the new-business and compliance process.

Advisors obtain delivery receipts when handing over policies physically or electronically, explaining that signatures confirm receipt and understanding of key terms. New-business and compliance teams track delivery receipts to verify that policies were properly delivered and that free-look periods are correctly calculated. If material health changes occur before delivery, carriers may require updated statements or re-underwriting. Understanding delivery receipts helps advisors avoid missed signatures, delayed commissions, or disputes about whether a policy was in force at a given time.