Quora Answer: Why Did My Insurance Company Allow My Wife to Change the Ownership of a Life Insurance Policy?

The following is my answer to a Quora question: “Why did my insurance company allow my wife to change the ownership of a life insurance policy?” 

The only conceivable way your wife was allowed to change the ownership of a policy is if she is the policy owner.  As the policy owner, she can assign it to another legal person.  There is no requirement for there to be insurable interest for this to be done.  Insurable interest is only a factor when underwriting a policy, where the policy owner and the life insured are different people.