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 Insurance Trustee vs Nominee vs Beneficiary

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laskatcl
post Feb 10 2018, 12:29 PM

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Joined: Jan 2018
QUOTE(Martinkoo @ Dec 5 2017, 07:34 PM)
The situation now,  you appointed your spouse  or your parent  as nominee or trustee for the insurance policy. But when you want to revoke or nominate another person to it, you have to get their written consent. You are the Policy Owner. But, you are controlled by the trustee now.

It is so UNFAIR and IRRATIONAL.

If you sit in  that shoes, what you will do? .
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Your policy may controlled by the trustee, but you are controlling your trustee. What i meant is you may change the trustee if he/she not following your new wish, make sure the new appoint trustee be the right person.
(correct me if i'm wrong).

This post has been edited by laskatcl: Feb 10 2018, 12:34 PM

 

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