Sell Guardian Life Insurance Change of Beneficiary Form

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FAQ

Can a guardian change a life insurance beneficiary?

Guardians and conservators cannot change the protected person's designated beneficiaries of life insurance policies, retirement accounts, and the like. In fact, guardians and conservators are required to honor the protected person's existing estate plan to the greatest extent possible.

Can a POA change a beneficiary on a life insurance policy?

A properly appointed power of attorney can update beneficiaries on your life insurance as changes arise. If your original beneficiary dies, your power of attorney can name a new one, preventing the proceeds from being paid to your estate.

Can you change your life insurance beneficiary at any time?

Revocable beneficiaries: The owner of the life insurance policy has the right to change the beneficiary designation at any time without the consent of the previously named beneficiary.

How do I change a beneficiary?

The Change of Beneficiary Form must be signed and dated by the person or persons who, under the terms of the policy, have the right to change the beneficiary. This person is usually the Policyowner. A Witness must sign the form in ink and print their name and address.

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