Who Can Be Your Life Insurance Beneficiary?

  1. 4330 POINTS
    Jerry Vanderzanden, CLU, ChFC
    Co-Founder, Coastal Financial Partners Group, California
    On a life insurance policy you own on your own life, you may name anyone as the beneficiary of the policy. The concept of insurable interest provides that one has an unlimited interest in their own life. You may also change the beneficiary at any time. All other insurable interest arrangements have limits.
    Answered on May 7, 2013
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