Can the owner of a policy also be the beneficiary?

BTW, if insured and owner are not the same, of course, the answer is yes. If they are the same, there might be a problem with the beneficiary collecting the death benefit. Ha..ha. :lol:
 
I assume you are talking about life insurance. The owner can make his estate the beneficiary and then dole out the amounts in a will or a trust. However I don't know if it would be a tax-free event to the estate... or to the beneficary.... as would a named 'person' beneficiary.

Of course if the insured lives past 110 (I think is the new limit), the policy usually will endow and pay the DB to the insured.

Al
 
If a life insurance policy has the estate of the insured named as beneficiary, the death benefit loses its tax-free status. However, an irrevocable insurance trust would cure that defect.
 
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