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VA I have Power of Attorney for a veteran. Can I change the beneficiary on his Government Life Insurance policy?
Published 08/10/2012 03:47 PM |
Updated 12/19/2012 03:14 PM
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.
Changing a beneficiary designation for a veteran who is incompetent