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My ex-husband passed away. I received a letting stating the ownership of my grown daughter's life insurance policy has been reverted to me. What does this mean?
Wiki User
∙ 13y ago
it means that you now have ownership of the policy as your husband has passed away - in other words if anything happens to your daughter you are the beneficiary.
Wiki User
∙ 13y ago
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How do you transfer ownership of a life insurance policy?
You must request a "change of" form from the insurance company that issued the policy. Then, the old owner must assign new ownership, and both the old owner and the new owner must sign the form, mail it to the insurance company. Once received and processed, the insurance company will issue an endorsement to the policy, indicating the change of ownership.
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