Who must initial all changes and corrections made to an application for life insurance?

The applicant must initial all changes and corrections made to an application for life insurance to ensure authenticity and accountability. By initialing these changes, the applicant acknowledges their awareness of the corrections and agrees to the modified terms of the application. This practice is crucial as it helps maintain a clear record of the application process and prevents any disputes later regarding what was initially submitted versus what was altered.

This requirement also serves to protect the interests of both the insurer and the insured, as it ensures that the applicant has reviewed the changes, thereby helping to avoid any misunderstandings or misrepresentations that could affect the issuance or validity of the insurance policy. Having the applicant initial the changes increases transparency and reinforces the applicant's role in the insurance application process.