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Insured is reimbursing payments for Policy Owner

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daveintexas

Junior Member
What is the name of your state (only U.S. law)? TX

I am going through a divorce and one of the assets is a life insurance policy where my wife is the policy owner and my mother-in-law is the insured.

My wife has been making quarterly payments on the policy and my mother-in-law has been directly reimbursing her for the payment.

Is it OK for the insured (mother-in-law) to directly reimburse policy owner (wife) for premium payments?

ThanksWhat is the name of your state (only U.S. law)?
 



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