Life Insurance Ownership and Beneficiary Designations -- CLEQ

This course provides an in-depth look at life insurance ownership and beneficiary designations. It explains in detail a life insurance owner’s rights and responsibilities and examines the role of life insurance beneficiaries and their standing with respect to the contract. The course details how life insurance contracts are formed, who may own life insurance contracts, third-party ownership arrangements (including viatical and life settlements), how beneficiaries can and should be designated, and the estate and income tax treatment of life insurance to both owners and beneficiaries. The course covers the following topics:

  • Life Insurance Ownership
  • Ownership Rights in Life Insurance
  • Third-Party Ownership: Viaticals and Life Settlements
  • Life Insurance Beneficiaries
  • Taxation of Life Insurance Owners and Beneficiaries