Who Should Own My Life Insurance Policy? 
Life insurance is personal property . The ownership of personal property has an inherent tax potential for earnings above basis and the death proceeds in corporate business and estate scenarios . In community property states , policy ownership takes on additional considerations . In a domestic planning scenarios , some advisers recommend cross ownership between married couples . In estate planning , they recommend that an irrevocable life insurance trust own the policy . In Business scenarios , some recommend holding the policies in separate entities or secular or rabbi trusts . Once the tax exposure of ownership has been analyzed you can determine the ownership issue . 