If policy assigned in testamentary trust, can customer do changes to the policy?

Last modified: July 23, 2024
Estimated reading time: < 1 min

When a policy is mentioned in a testamentary trust, the policyholder retains ownership and control over the policy until their death. Therefore, the policyholder can make changes to the policy and Will such as altering beneficiaries, changing policy terms, or even cancelling the policy, as they still own it during their lifetime.

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