Who is authorized to transact insurance specifically on human lives?

In the context of insurance, a life-only agent is specifically authorized to transact insurance related to human lives. This includes selling life insurance policies that provide financial protection in the event of an individual's death, as well as certain products that may accumulate cash value over time.

The designation of "life-only agent" indicates a specialized focus on life insurance products, setting them apart from other types of agents who may deal with broader categories of insurance, including health, property, or disability. This specialization is crucial as it ensures that the agent has the appropriate knowledge, skills, and compliance with regulatory requirements necessary to operate in the life insurance sector.

While other agents, such as general insurance agents, may have a wider scope that includes various insurance products, they do not hold the same specific authorization for life insurance transactions. Similarly, health insurance agents focus on policies related to health coverage rather than life insurance. Therefore, the correct answer aligns perfectly with the role and scope of a life-only agent in the insurance marketplace.