facebookI have income plan. i am policy owner and my son is life assured. if i die before transferring the policy to him. what will happen? if i already stated to give him the policy in my will. is it ok? - Seedly

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Anonymous

21 Aug 2022

Insurance

I have income plan. i am policy owner and my son is life assured. if i die before transferring the policy to him. what will happen? if i already stated to give him the policy in my will. is it ok?

Discussion (2)

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Tan Siak Lim

24 Aug 2022

CFP. Director, Financial Advisory Group at Financial Alliance

It can be transferred when he reached age 18, assuming if he is currently not.

It will be transferred to him automatically once the insurer receive the bad news. Because he is the life assured

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