I was named a main beneficiary on my mom life insurance many years ago. She recently in a comma due to cancer, and I was appointed as her power of attorney. According to a clause in the Power of Attorney: "my Agent cannot designate himself or herself a beneficiary of any such insurance contracts", is this means that I'm no longer a beneficiary on her life insurance? And do I have the power to add or delete any existed beneficiary including myself?
2007-09-01 17:31:39 · 3 answers · asked by Man H 1 in Business & Finance ➔ Insurance
No, it doesn 't change her designation of you as beneficiary, it just says you couldn't change a policy where you weren't already beneficiary to make you the beneficiary.
It would be a rare circumstance where you would be adding or deleting anyone else as beneficiary of a policy of your mom's.
2007-09-01 17:44:32 · answer #1 · answered by Judy 7 · 3⤊ 0⤋
sure they could desire to. yet they at the instant are not "people of religion". As they declare to be. they are people of worry. they shouldn't insure their church homes and mosques the two. yet they do. lower back a coach of no faith.
2016-10-17 11:08:16 · answer #2 · answered by ? 4 · 0⤊ 0⤋
Judy gave you a clear and concise response. Nothing more needs to be added.
2007-09-02 04:03:22 · answer #3 · answered by CPA/PFS 2 · 0⤊ 0⤋