Which situation would not require the insured's consent when a life insurance policy is issued?

When a life insurance policy is issued for a minor child by a parent, the situation does not require the insured's consent. In this scenario, the parent acts as the legal guardian and has the authority to make decisions on behalf of the child, including purchasing life insurance. Since minors are not legally able to enter into contracts, the consent of the child is not necessary for the parent to obtain a policy.

In contrast, when a policy is taken out on an adult, such as a spouse or a business partner, or even an employee, the insured's consent is crucial. For instance, a husband purchasing a policy on his wife or a business partner purchasing coverage for another partner typically requires the consent of the insured to ensure they are aware of the coverage and its implications. Similarly, an employer insuring an employee generally also requires the employee's consent, as it involves personal information and the clarity of the benefits being offered.