PHI to Change Ownership on Life Policy?

WinoBlues

Guru
5000 Post Club
About 4 years ago I wrote a small policy on my son. He had just come home from the sandbox and I needed to write something with RBC. He was the owner and insured. I was the payor.

Fast forward 4 years. He is married, house. school, etc.. Finally get around to this little policy. He does not want or need it. Wife and I decide to keep it a few more years. $11 PAC

Anyway, We do an ownership change form. We just got a call from examone. RBC wants to question my son on the reason for the change, who he works for, drivers licence number and med questions. I got to think this is something to do with AML. But that is nuts! A PHI for an ownership change on a 4 year old $50K term?
 
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