No, the policy is delivered to the owner and only the owner has to sign, acknowledging receipt of the policy.
The owner can do anything he wants. Careful though, taking a loan or withdrawal from a cash value policy my jeopordize the well being of the policy.
It depends on who is the owner of the policy. The policy owner has complete control of the policy once issued. If you are the owner you can cancel it or just change the beneficiary if you want. If she is the owner forget it. You have no say so on the policy.
The cash value is the amount of money your insurance policy is worth to the owner of the policy if the insurance is cancelled and the policy terminated. The insurance company will mail a check to the to the policy owner upon policy termination or cancellation by request of the owner. I would strongly encourage you to consult a professional in your area before cancelling an existing policy. There may be other options and alternatives to access the value of the policy without cancelling the insurance policy.
Do you mean as owner or as beneficiary? Either way, yes.
I don't really understand the question. I assume you mean can you take out a life insurance policy on your husband? The person who is being insured must answer the underwriting questions on the application in person and must sign the application and be witnessed by a third unrelated person. Normally the agent is the witness. An important fact is the owner of the policy. The owner is the person who has complete control of the policy after it is issued. Only the owner can change the address, change the beneficiary, etc. Most of the time the owner is the insured but not always. The beneficiary must have an "insurable interest" at the time the policy is taken out. For instance if a husband is insured and the owner of a life insurance policy. He can make his wife the beneficiary but if they divorce he and only he can change the beneficiary and no notice has to be sent to the former beneficiary.
The new owner of a life insurance policy if the original owner dies before the insured.
if the owner of a life insurance policy dies and the policy is on her son. What happens to the ppolicy and is it part of the estate.
Providing you DO NOT live at the same address as the insured (in Massachusetts)
No, only the OWNER of the insurance policy can sign the policy over. Sometimes the owner is the insured, but not always.
This is the terms of the contract for this type of policy. It is a secondary coverage policy and there for it will pick up after the vehicle owner's insurance policy pays first. You need to read your policy or look at the terms before you purchase it if this is not what you want.
No. You will have to cancel you policy and the new owner will have to apply for a new policy. The homeowner's policy is partly based on the home and partly on the person so the new owner will be underwritten as well as the property.