Who Should Own Your Life Insurance Policy? 
That is a great question ! The best way to answer your question , is to ask you a few : Who is being insured ? Who will be making the payments ? And who is trustworthy enough to oversee the policy ? If the insured is a minor , then you will want a parent or guardian to own the policy . You can be the owner of your own policy . If the policy is paid for by someone other than the insured , do you want them to be the owner ? The owner has the right to change who will get the money when the insured passes . Therefore , you want the owner of the policy to be in line with your wishes . Hope that helps , thanks for asking ! 