Insurable Interest - Who Decides?

[Norwayguy]

Owner, premium payer and policy owner can all be changed once a policy is issued.

Once issued but many have restrictions while in underwriting so the OP has two options write and change bennies, or find a different carrier but most are going to want a history of giving to the charity to justify the loss to the charity.

 

[ATM]

Owner, premium payer and policy owner can all be changed once a policy is issued.

So what you are saying is to omit to tell the insurance company the real intent of the coverage. Gotcha.