Who Can Own A Life Insurance Policy? 
That is a great question ! Anyone who is not a legal minor in your State can own a policy . The owner can be the insured , or they might not be . A parent can be the owner of a policy insuring a minor child , for example . In some cases , the adult child might be the owner of a policy insuring their elderly parent . An owner is often the insured . All there has to be is an insurable interest . Thank you for asking ! 