Life Insurance Policy Owner

What is a life insurance policy owner?

The owner of a life insurance policy is the person or entity that pays the premiums on a life insurance policy and has the rights of ownership to the policy.

The owner is responsible for paying premiums, managing the insurance policy, choosing the beneficiaries of the policy, and handling the oversight of policy ownership.

The owner may or may not be the person insured by the policy.

Learn more about being an owner of a life insurance policy.