Corporate Owned Life Insurance - COLI

[Unit 5302]

Rev, no offense to Texas, but they need to pull out of this one. They do not have any authority over Georgia law. Regardless of where the insured's live, it's not the insured's policy. The owner and assignee are both addressed in Georgia. The policies are in no way, shape, or form owned or controlled by the insured's. Neither do the insured's pay for the policies, nor do they have a right to the death benefit directly from the policy.

Basically what I'm saying here is this isn't a Texas case, regardless of where the workers live.