Is third-party crediting allowed? Faith, your friendly assistant September 09, 2024 07:31 Updated No. Third-party crediting is not permitted. The account holder’s name must match with that of the policy owner. Related articles Can payouts be credited into a foreign bank account? How do I name a beneficiary? Where can I update my preferred payout method? Can I use my preferred payout method for claims-related payout? Can someone else make payments for my FWD DIRECT – Term Life insurance?