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What does it mean when it asks if your life insurance policy is assigned?

April 26, 2017asks Life Insurance mean policy

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What does it mean when it asks if your life insurance policy is assigned?

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Assignment rules vary among insurance carriers, so if you are being asked to make an assignment, you may want to ask your carrier first. In any event, the carrier will require that you make the assignment or beneficiary change yourself; a third party can’t do it.