Who signs the application if the applicant is a minor?

When an application for life insurance is submitted by a minor, it is essential that a parent or guardian, who has legal authority over the minor, co-signs the application. This is because minors typically do not have the legal capacity to enter into contracts, including insurance agreements, on their own.

In this scenario, the parent or guardian acts as the applicant, providing consent and acknowledging the terms of the policy. The agent may also sign the application to confirm their role in the transaction, but their signature does not represent legal authority over the application. The intended beneficiary, such as a family member or loved one, does not have any authority to sign an insurance application on behalf of the minor, further emphasizing the importance of having a parent or guardian involved in the process.

Thus, the correct answer reflects the necessity of legal representation for a minor applicant through a parent or guardian's signature.