What must be signed for a life insurance application to be considered complete?

A life insurance application is considered complete when it has been signed by the proposed adult insured. This individual's signature is crucial because it serves as an acknowledgment of the information provided in the application and demonstrates their consent to the terms of the policy being applied for. The proposed insured is the person whose life will be covered by the policy, and their agreement ensures that they are aware of the application and its implications.

The necessity for the proposed insured to sign the application protects both the insurance company and the applicant. It helps the insurer confirm that the applicant has provided accurate and truthful information, which is vital for underwriting decisions. This process safeguards against issues that might arise later if there are discrepancies or misrepresentations regarding the insured's health or lifestyle.

While other individuals, such as the insurance agent, the policyholder's spouse, or an insurance company representative, might have roles in the application process, their signatures are not required for the application to be deemed complete. Each has distinct responsibilities; for example, the insurance agent typically provides assistance and ensures that the application is filled out correctly, but their signature does not replace the need for the proposed adult insured's signature.