Why is an applicant's signature required on a life insurance application?

An applicant's signature is required on a life insurance application primarily to attest that the statements made within the application are accurate. This provides a legal declaration that the applicant confirms the truthfulness and completeness of the information provided. By signing the application, the applicant takes responsibility for the information presented, which is crucial for the insurer when evaluating the risk and determining eligibility for coverage.

Accurate disclosures are essential because they directly affect the underwriting process and the terms of the policy. If an applicant misrepresents information, it could lead to claims being denied in the future. Therefore, the signature serves as a form of verification and accountability for the applicant's statements, ensuring that they fully understand the implications of the information provided in the application.