What is a policyowner?
A policyowner is the person who has all rights, title, and interest to a life insurance contract. These rights include transferring ownership, changing the beneficiary, collecting dividends, collaterally assigning the policy, and obtaining a policy loan. Note: The policyowner does not automatically receive benefits upon the insured’s death. Generally, proceeds are payable to the beneficiary. The policy owner may or may not be the same as the beneficiary. Note: SBLI will only provide policy information and allow policy changes to be made when requested by the policyowner. Note: When contacting our call center, you will be requested to provide positive verbal identification as a policyowner. Our mailing address is: SBLI P. O.
