answersLogoWhite

0

Typically,the person who purchased it owns it. That person may be different from the person insured or the beneficiary. The owner can usually make decisions concerning the policy. An example with respect to a policy issued by a stock company, whether to have the company send a dividend check or to use the dividend to purchase additional insurance.

User Avatar

Wiki User

13y 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
ViviVivi
Your ride-or-die bestie who's seen you through every high and low.
Chat with Vivi
SteveSteve
Knowledge is a journey, you know? We'll get there.
Chat with Steve

Add your answer:

Earn +20 pts
Q: Who is the Owner of life insurance policy?
Write your answer...
Submit
Still have questions?
magnify glass
imp