Asked in Life Insurance
Does an owner of a life insurance policy have to be the payer?
No, the owner of a life insurance policy does not have to be the payer. Pretty much anyone can be the payer. ...
Asked in Banking
Who is the payer of a check?
The Payer of a check is the person who is paying money for the check. That is the person who has issued the check. For ex: I owe you $1000 and I give you a check for it from my bank account, I become the payer of the check and you will become the payee. ...