Who Does Life Insurance Cover?

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   Jerry Vanderzanden, CLU, ChFC

   Co-Founder, Coastal Financial Partners Group, California

   Life insurance covers the life insured in the policy. When that life dies, the death benefit proceeds are paid to the beneficiary named in the policy. The policy owner, who may or may not be the insured, owns the policy rights including the right to name and change beneficiaries.

   Answered on May 10, 2013

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