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| Q: My dad is in a nursing home and I need to change the ownership on his life insurance policies. My mom has a POA for him. How do I go about doing this? |
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| A: Your mother should contact the life insurance company and request the ownership change. She will need to provide a copy of the Power of Attorney.
It would be advisable to contact the company through an agent, broker or financial professional, so that you are aware of all consequences of the ownership change. |
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| The last thing you want to happen after you die is for your beneficiaries to be unable to locate and submit a claim on your life insurance. Here is some helpful advice for storing your documents. |
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| How much do you really know about life insurance?
Take this quiz and test your life insurance know-how.
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