ownership clause
In life insurance, an ownership clause is the provision or endorsement that designates the owner of the policy when such owner is someone other than an insured—for example, a beneficiary.
ownership clause
In life insurance, an ownership clause is the provision or endorsement that designates the owner of the policy when such owner is someone other than an insured—for example, a beneficiary.
Additional Information
This clause vests ownership rights (e.g., the right to designate the beneficiary) to the specified person or entity.
