Question 82

A person who submits an application for life insurance to an insurer is the applicant.

Submitting an application for life insurance designates the individual as the applicant, as they are the party seeking coverage from the insurer.

A) insurer.

The insurer is the company or organization that provides the life insurance policy. They assess the application submitted by the applicant but are not the individual submitting the application.

B) applicant.

The applicant is the correct choice, as this term specifically refers to the person who submits the application for life insurance, indicating their intention to obtain coverage.

C) underwriter.

An underwriter is a professional who evaluates the risk of insuring an applicant and determines the terms of the insurance policy. While underwriters play a crucial role in the insurance process, they do not submit applications.

D) beneficiary.

A beneficiary is the person designated to receive the payout from a life insurance policy upon the death of the insured. This term does not relate to the individual who submits the application for coverage.

Conclusion

The applicant is the individual who actively seeks life insurance by submitting the application, making option B the correct answer. All other options refer to roles or parties involved in the insurance process but do not accurately describe the person initiating the application.