This is a fairly common situation. The reason you cannot cash it is because the POA expired upon your husband's death. The insurance company will...

Will my beneficiaries have to pay taxes and my creditors on the proceeds of my term life insurance policy? Thanks

Generally, life insurance proceeds are neither subject to income tax nor claims of creditors of the deceased insured. This information is subject...

You cannot obtain POA because the principal, your dad, must be competent to execute one. However, conservatorship is a possible option. Your mom...

When my daughter marries, should her name be changed to her married name as my life insurance beneficiary?

I agree that you can, but it is not mandatory. If the existing beneficiary designation describes her as "daughter," then there is little chance for...

You are not the first person to ever ask this, but the answer is still no. The wonderful thing is that you have something much better than death...

Are my grandsons entitled to their life insurance cash out?

If you are the owner of the policies, you can probably cash them in and retain the full surrender proceeds. In order to be sure, you should review...

My father took out a life insurance policy on me 2 years ago without my consent . Someone had to forge my name,can i sue?

You need to decide what your goal is. If you don't want your father to have the policy, you may wish to contact the company, which would likely...

If your ex has life insurance with you as beneficary and your name is listed but has wife can this create a problem?

The listing as "wife" should not be an issue, nothwithstanding the dissolution. You may, however, wish to confirm with your divorce lawyer...

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How do I change my life insurance beneficiary from my current wife to my daughter?

If it is an individual policy, contact the company or your agent for a form to complete and submit to the company. If it is a group policy,...

Does a P.O.A. over rule a spouse?

Once the principal passes, the POA ceases to be effective. At that point, if necessary, an estate representative would be appointed. If there is...

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