Home / FAQs / I have the Power of Attorney for a veteran. Can I change the beneficiary on his Government Life Insurance Policy?

I have the 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 designation of a beneficiary may be changed only by the veteran or by a guardian appointed by the court which depends upon the competence of the veteran. Changing a beneficiary designation for a veteran who is competent Changing a beneficiary designation for a veteran who is incompetent

Leave a Reply

Your email address will not be published. Required fields are marked *