Contract Owner refers to an individual or entity that holds ownership rights to the policy. The Contract Owner is responsible for paying the premiums, has the authority to make changes to the policy, such as updating beneficiaries or adjusting premium amounts, and can exercise any options or privileges stipulated in the contract.
Contract Owner refers to an individual or entity that holds ownership rights to the policy. The Contract Owner is responsible for paying the premiums, has the authority to make changes to the policy, such as updating beneficiaries or adjusting premium amounts, and can exercise any options or privileges stipulated in the contract.
The Contract Owner may or may not be the same person as the insured, and the rights to the policy can be transferred or sold to another party.
Contract Owner refers to an individual or entity that holds ownership rights to the policy. The Contract Owner is responsible for paying the premiums, has the authority to make changes to the policy, such as updating beneficiaries or adjusting premium amounts, and can exercise any options or privileges stipulated in the contract.
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