Can The Owner Of A Life Insurance Policy Be Changed? 
Great question . The simple answer is Yes . Changing the owner to someone else is the same as giving them a `` gift '' of something that has value - usually considerable value ! Because of this , when you change the owner of the policy to someone else -LRB- including a trust -RRB- , it is considered a gift ... however , sometimes the intent to do this is to avoid inflating the estate value , and to negotiate the estate tax laws . It should be noted that if estate tax considerations are part of desire to change owners , according to current law , if the insured dies within three years of the change in ownership , the value of the life insurance policy will be `` brought back '' into the estate of the original owner and considered as part of the original owner 's estate . So , similar to most questions , the answer is Yes , the owner can be changed , but there are considerations to be taken in each situation . 