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Can an agent be the owner and payor for a grown nephew's life insurance policy...or beneficiary only.
Thanks
I basically raised him, he is 45, his mother is in a nursing home, no siblings. He has a child that is 18, no wife. My insurable interest is that he owes me money, (lol) that I will probably never get. If he was to die, there is no one that would handle the expenses and it would be left up to me