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	<title>New answer on: Can You Change The Owner Of A Life Insurance Policy?</title>

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		<title>By: Peggy Mace</title>

		<link>https://insurancelibrary.com/life-insurance/can-you-change-the-owner-of-a-life-insurance-policy</link>

		<dc:creator>Peggy Mace</dc:creator>

		<pubDate>Wed, 26 Nov 2014 20:58:34 +0000</pubDate>

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		<description><![CDATA[Only the owner of a life insurance policy can change ownership of the policy to someone else. If the owner passes away, the ownership of the policy goes to the contingent owner. If no contingent owner was named, the ownership of the policy goes to the estate. There the will, or intestate succession if no will exists, determines ownership.]]></description>

		

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		<title>By: David Racich</title>

		<link>https://insurancelibrary.com/life-insurance/can-you-change-the-owner-of-a-life-insurance-policy</link>

		<dc:creator>David Racich</dc:creator>

		<pubDate>Sat, 11 May 2013 14:25:35 +0000</pubDate>

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		<description><![CDATA[Life insurance is personal property and can be owned by a person or entity. Only the owner can change the ownership of the policy. And keep in mind that there may be ordinary income tax ramifications on the value assessed on the policy beyond its basis. It’s prudent to have a tax consultant assess the tax ramifications of any ownership changes.]]></description>

		

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		<title>By: Ted Ratliff</title>

		<link>https://insurancelibrary.com/life-insurance/can-you-change-the-owner-of-a-life-insurance-policy</link>

		<dc:creator>Ted Ratliff</dc:creator>

		<pubDate>Sat, 11 May 2013 10:29:57 +0000</pubDate>

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		<description><![CDATA[Yes.  Keep in mind that when you change ownership you lose all control of the policy and turn it over to the new owner.  Make sure you have a solid reason for doing so.  Some common practices would include:  Making a funeral home the owner and beneficiary so that the funeral can be prepaid, assigning ownershio to a Funeral Trust, assigning ownership to a trusted family member.  There are other reasons but again remember that you lose control over the policy.]]></description>

		

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