Which is NOT a required element for the written statement obtained from the policyholder's physician?

The requirement for a written statement obtained from the policyholder's physician typically involves information regarding the policyholder's mental state and their acknowledgment of their health condition. Elements such as the policyholder being of sound mind and not under constraint are crucial for ensuring that the policyholder fully understands the implications of their decisions related to their insurance policy. Additionally, the acknowledgment of a terminal condition is essential for any benefits or payouts related to life insurance to be accurately assessed.

In contrast, stating that the policyholder is in financial distress is not a standard element that needs to be included in this written statement. Financial distress does not directly pertain to the medical or mental fitness of the policyholder when it comes to understanding or utilizing their life insurance policy. Therefore, recognizing that financial distress is not a necessary component reflects how the focus of the physician's written statement leans heavily toward health status rather than financial circumstances. This distinction highlights why this option does not fit the requirements typically established for such a document.