Tennessee Insurance Practice Exam

Who does NOT need to sign a life insurance application?

1. The applicant

2. The producer

3. The insurance company representative

4. The beneficiary

The correct answer is: The beneficiary

In a life insurance application, the beneficiary is not required to sign the application. The applicant, who is typically the person applying for the insurance, must sign to confirm the accuracy of the information provided and to acknowledge their understanding of the policy terms. The producer, or agent, also needs to sign as part of the process to validate that they have presented the application to the insurer and facilitated the transaction. The insurance company representative’s signature is generally not needed on the application itself at this stage as the application is primarily between the applicant and the insurance provider. The beneficiary's role is to receive the policy benefits upon the death of the insured, but their consent is not necessary for the application process. Their rights and interests will be established later once the policy is issued and they are designated as the beneficiary. This distinction is critical in understanding the responsibilities and processes involved in securing a life insurance policy.