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Life Insurance Question
Old 08-18-2017, 08:07 AM   #1
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Life Insurance Question

I have a Life Insurance Policy that has been paid up for years. My question is can I have that policy owner changed to someone else but me. I would be the insured but now the owner?
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Old 08-18-2017, 09:21 AM   #2
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I assume that you meant that you would be the insured but not the owner.

That should be possible, talk with the insurer.

It might also be a gift to the new owner and trigger having to report it.
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Old 08-18-2017, 04:12 PM   #3
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Thank you and yes that is what I meant to say. I would not be the owner of the policy but name someone else.
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