Who is the owner and who is the beneficiary in a key person life insurance policy?

Question

who is the owner and who is the beneficiary in a key person life insurance policy?

Answer 1

Whatever company that the person is working for(they are the policy owners),if the person dies ,the company will most likely lose income and possibly have an increase in expenses. If an employee lives until retirement, than monies from the key life insurance will go to said employee as part of a retirement fund.

Answer 2

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Answer 3

Typically, it's the corporation for which the key person works.    They are both the owner, and beneficiary.

Answer 4

i think ur the owner n the benificiary is who ever gets ur money if u die