Who must sign the application for a life insurance policy?

The application for a life insurance policy typically requires the signature of the producer, who is the insurance agent or broker facilitating the policy. This signature is crucial because it attests that the producer has played a key role in the application process, providing advice and assistance to the applicant and ensuring that all information is accurately represented.

While the insured individual’s signature might also be needed to agree to the terms and acknowledge the provision of information, the producer's signature is specifically essential as it verifies that the producer has complied with regulatory obligations, represented the insurer, and has taken the necessary steps to process the application correctly.

The beneficiary generally does not sign the application, as their rights to the policy arise only upon the death of the insured. The reinsurer is not involved in the application signing process because they are a separate entity that provides insurance to the insurer and does not interact with the policyholder directly at this stage. This highlights the unique role of the producer in the application process, reinforcing why their signature is a vital part of providing life insurance.