I have Power of Attorney for a veteran. Can I change the beneficiary on his Government Life Insurance policy?
No, a power of attorney is not acceptable for executing a change of beneficiary for government life insurance even if certain state statutes allow it. The beneficiary designation can only be changed by the veteran or by a court appointed guardian, depending upon whether the veteran is competent or incompetent.
Related Questions
- I want to set up a life insurance policy, name Williams College as beneficiary, but retain ownership of the policy. Can I deduct the premium payments I make?
- I want to set up a life insurance policy, name PHLF as beneficiary, but retain ownership of the policy. Can I deduct the premium payments I make?
- I have Power of Attorney for a veteran. Can I change the beneficiary on his Government Life Insurance policy?