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Can the ownership of a Government Life Insurance policy be assigned?

Published 08/13/2012 07:55 AM   |    Updated 08/13/2012 10:23 AM
Can the ownership of a Government Life Insurance policy be assigned?
The contract of Government Life Insurance is only between the US Government and the veteran. He/she cannot assign his insurance for any reason, nor can ownership of the policy be transferred. Only the insured can exercise the rights and privileges inherent in the ownership of the policy.