---
title: "What Is Policy Owner? Definition | Epic Life Glossary"
description: "A policy owner is the person or entity with the legal right to control a life insurance policy. The owner can change beneficiaries, take loans,..."
url: https://epicline.preview.multisites.ai/glossary/policy-owner
publisher: Epic Life Group
apply: https://epicline.preview.multisites.ai/apply
quote: https://epicline.preview.multisites.ai/get-a-quote
---

Policy mechanics

# Policy Owner

A policy owner is the person or entity with the legal right to control a life insurance policy. The owner can change beneficiaries, take loans, surrender the policy, and name a new owner.

## Why it matters

Ownership matters most for taxes, estates, and control. If you own a policy on your own life, the death benefit may be counted in your estate under federal and state rules. Some families use a trust as owner for that reason. Agents should confirm who owns the policy during the application, because the owner signs forms and receives notices. Ask a tax or legal professional about your case.

Source: [law.cornell.edu](https://www.law.cornell.edu/wex/owner)

## Where we use this term

-   [Can you still get life insurance over 70? Options that still work](https://epicline.preview.multisites.ai/guides/life-insurance-over-70)
-   [Burial insurance: is it different from final expense, and is it worth it?](https://epicline.preview.multisites.ai/life-insurance/burial-insurance)

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