I wouldn't consider it, but from previous changes in names to it, I pose this question.
This is an old policy that was originally in my Father's name (he owned it/paid it). From paperwork recently discovered,
- 6 years before he passed, he signed an insurance doc stating he was changing the policy over to my name, and my Mother took ownership of it upon his passing as part of the estate
- to note, at the time of signing it my Father was mentally incapacitated from a stroke & cancer to understand what he was signing
- its up for renewal - can my Mother change it from being in my name to being in her name?
- she's 95, recently placed in LTC but able to understand what she would be doing in signing it
I need to know what options I have, if any, before contacting the life insurance company. Any help is appreciated.