Who Should Own A Life Insurance Policy? 
There are a lot of things to consider when naming the owner of a life insurance policy . The most common is the insured , which is usually the payer as well . The next to be named owner would be the payer iftheyare different than the insured . If a company is paying for a buy/sell life insurance policy or key man , then the company should be the owner of the policy . Finally , if the insured is disabled , incapacitated or elderly in bad health a care giver or guardian should be the owner of the policy . 