Can A Power Of Attorney Change A Life Insurance Beneficiary?

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    David RacichPRO
    Fountain Hills, Arizona
    The document outlining the power of attorney will be reviewed with significant scrutiny by the life insurance company who issued the policy to ascertain the legal latitude and validity of the person named to execute financial matters during the incapacitation of the policy owner.  In theory, the power of attorney should be able to execute changes, but each carrier may interpret the document differently and each state may also weigh in on the legality of the document. Consult an attorney before engaging the life insurance company.
     
    Answered on July 18, 2013
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