Ask the Life Insurance Expert
As the insured on a life insurance policy, can the insuring company (if I ask) deny me a copy of the policy when the policy premiums are paid by the beneficiary (granddaughter)?
Yes, the life insurance company can, and will, turn down your request for a copy of a life insurance policy if you are not the owner of it. To be clear, life insurance companies will send the policy only to the owner.
If your granddaughter is the owner, then only she can request a copy of the policy -- even if she’s the beneficiary and you’re the person being insured on the policy. It may sound crazy, but the insured has no right to the policy if he or she is not the owner of it. The policy is a contract between the owner and the life insurer.
Learn more about the basics of life insurance here.