What does the ownership clause in a life insurance policy state

Ownership Clause — in life insurance, the provision or endorsement that designates the owner of the policy when such owner is someone other than an insured—for example, a beneficiary. This clause vests ownership rights (e.g., the right to designate the beneficiary) to the specified person or entity.

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Ownership Clause — in life insurance, the provision or endorsement that designates the owner of the policy when such owner is someone other than an insured—for example, a beneficiary. This clause vests ownership rights (e.g., the right to designate the beneficiary) to the specified person or entity.

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