The owner of a life insurance policy and the person with the legal authority to make changes to the policy is the policyholder. The owner has the ability to assign ownership, modify payments, switch payors, and name one or more beneficiaries.
How Does Life Insurance Work? →Life insurance coverage can help protect you and your loved ones. Life insurance provides a tax-free cash payment to your named beneficiaries (such as your spouse or children) when the insured person dies in exchange for premiums paid by the policy holder during their lifetime.
You can now easily track all your life insurance policies at Neontra →← Curating the web to find the most interesting and helpful information about your money.