answersLogoWhite

0

Since life insurance policy is issued on individual life, it can be treated as personal property. However, in Keymen policy, where the premia is paid by the co. on his/her behalf,it will be the property of the co. till the policy matures and benefits paid by the insurance co. to the co. is reverted back to the keyman.

User Avatar

Wiki User

11y ago

Still curious? Ask our experts.

Chat with our AI personalities

DevinDevin
I've poured enough drinks to know that people don't always want advice—they just want to talk.
Chat with Devin
CoachCoach
Success isn't just about winning—it's about vision, patience, and playing the long game.
Chat with Coach
MaxineMaxine
I respect you enough to keep it real.
Chat with Maxine

Add your answer:

Earn +20 pts
Q: Is life insurance personal property
Write your answer...
Submit
Still have questions?
magnify glass
imp