My Mom's the owner of a life ins policy. After she passes, must I surrender it to someone or is it mine?

She is in a VA facility in PA.
I'm POA
My deceased father is listed as beneficiary
The yearly dividends are reported to the IRS
She pays her rent with her pension and social security
she has supplemental health benefit that she pays for
she has part A and B Medicare
she does not have Medicaid
funeral/burial all paid for
Will it make a difference if I become the owner of the policy?
Thank you for your help.