What is a common requirement when naming a beneficiary under life insurance for minors?

When naming a beneficiary under a life insurance policy for minors, legal representation by an adult is typically required. This is essential because minors, due to their age, are not legally capable of managing their own financial affairs. Therefore, a responsible adult is necessary to oversee and manage the policy's benefits until the minor reaches the age of majority.

This adult can be a parent, guardian, or another trusted individual, ensuring that the funds are administered appropriately on behalf of the minor. Legal representation helps prevent potential disputes or mismanagement of the inherited benefits, providing a safeguard for the minor’s interests. Other options, while they may reflect considerations in certain contexts, do not address the primary legal requirement that aims to protect minors when they are beneficiaries of life insurance policies.