guitarstrummin
New member
If the "insured" is listed on a life insurance policy, is the "owner" the person who initially took the policy out or is the "owner" considered the "insured?" It is my belief the owner is the person who bought the policy and the insured is the person the policy was purchased to cover expenses in the event that person died. My dad asked me this question because he has to send forms to a relative, but because the policy is in that person's name, he wondered if that made that person the owner because their name was listed as "insured." My response was, "No...the person who purchased the policy is the owner." Thanks.