you put your question in the subject line and it was cut off. but I got the jist of your question...
you won't like my answer, but there's nothing you can do about it. being their grandmother, she had an insurable interest when she took out the policy. as long as she pays the premium, the policy will stay in force. she also can make anyone she pleases the beneficiary, including herself.
Posted: Wed Feb 09, 2011 10:41 am Post Subject:
Yep, as long as she pays the premium, she stays the owner. You can certainly take out a policy on someone if you have an insurable interest.
Posted: Wed Feb 09, 2011 04:48 am Post Subject:
you put your question in the subject line and it was cut off. but I got the jist of your question...
you won't like my answer, but there's nothing you can do about it. being their grandmother, she had an insurable interest when she took out the policy. as long as she pays the premium, the policy will stay in force. she also can make anyone she pleases the beneficiary, including herself.
Posted: Wed Feb 09, 2011 10:41 am Post Subject:
Yep, as long as she pays the premium, she stays the owner. You can certainly take out a policy on someone if you have an insurable interest.
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