Can The Owner Of A Life Insurance Policy Be The Beneficiary?

  1. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    Yes, the Owner of a life insurance policy can be the Beneficiary. Often, the reason someone chooses to own a policy on someone else is to mitigate the financial loss they would incur if the insured person would pass away. The Owner naming themselves as Beneficiary is the avenue by which they receive the life insurance proceeds and accomplish the purpose of the policy, if death of the Insured indeed occurs while the policy is in force.
    Answered on June 19, 2013
    flag this answer
    2. Did you find these answers helpful?
    Yes
    No
    Go!

Add Your Answer To This Question

You must be logged in to add your answer.


<< Previous Question
Questions Home
Next Question >>