Can You Change The Owner Of A Life Insurance Policy? 
Yes . Keep in mind that when you change ownership you lose all control of the policy and turn it over to the new owner . Make sure you have a solid reason for doing so . Some common practices would include : Making a funeral home the owner and beneficiary so that the funeral can be prepaid , assigning ownershio to a Funeral Trust , assigning ownership to a trusted family member . There are other reasons but again remember that you lose control over the policy . 