Re: Life Insurance question

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It's completely legal.

On 10/27/06, Anna wrote:
> Need to know if this is fraud.....
> Man and woman are married when he takes out a life
> insurance policy on wife. wife has no problem with this.
> Then they are divorced.
> He becomes teminally ill. He has a daughter from first
> wife. He dies, but before he dies, he gives the daughter
> the policy and signs it over to her. The ex wife now has
> this ex step daughter who owns this policy and is paying
> premiums on her father's ex wife.
> the ex wife and the ex step daughter hate each other.
> Can the ex stepdaugther legally own this policy without
the
> ex wife's permission?
> Ex wife is a resident in NJ. The ex step daughter is a
> resident in Virginia.
> Any help would be appreciated