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Is it legal for a bank to sell a person with dementia a Life Insurance Annuity?
Wiki User
∙ 10y ago
Selling anything at all to a person with dementia - is the taking of advantage of a person who may not at the time be capable of making a judgement of any kind. I would view as SUSPECT - any sort of sale - of any value - if it can be proven that at the time the seller KNEW the person to whom they were selling, was not in full possession of their faculties -
Wiki User
∙ 10y ago
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What is an annuity settlement?
An annuity settlement is a payment to an individual for a settlement, typically from an insurance claim. It's basically any type of settlement for legal suit or other such cases.
Where can one find an annuity payments calculator online?
One can find an annuity payments calculator at a number of places online. For example, DGI Direct, RBC Insurance, Bankrate, and Legal and General all have annuity payments calculators online.
Can a person with dementia keep their driver's license?
A person with dementia should not be driving a car! They forget where they are, they forget what the rules of the road are, and they will get into an accident. The family should take away their car keys without even wondering if it's legal or not!
Can someone with dementia sign over power of attorney to someone?
No. First, a person with dementia is legally incapacitated. They can't grant a Power of Attorney to anyone. Second, a Power of Attorney is a legal document that must be signed by the principal in order to be valid.
Who do you report it to if a legal guardian and conservator of an incapacitated person changes their annuity beneficiary?
If a legal guardian and conservator changes the beneficiary of an annuity belonging to an incapacitated person, you should report this action to the probate court that appointed the guardian and conservator. Changes to an annuity beneficiary should be made in the best interest of the incapacitated person, and the court may need to review and approve such changes.
Car accident and the person who hit victim did not have insurance but victim does?
then it turns into a legal matter where the person who didnt have insurance gets sued for losses and medical expenses
How old do you need to be to get car insurance?
Most insurance companies require a person to be 18 years old in order to purchase automobile insurance. The reason for this is that the insurance application along with the policy make up a legal contract between the policyholder and the insurance company. A person who is not yet 18 is not a legal adult and therefore is not legally able to sign such a contract.
Can a will be legally changed if the person has dementia and the power of attorney is not notified or present at the time?
If the person was of sound mind when they made out their 'last' Will and Testement then it's legal and binding. Most people do so earlier on before they become very ill.
How can one obtain a structured settlement transfer?
A structured settlement is a conservative pre-owned annuity or in other words a financial or insurance arrangement. The benefits of a structured settlement transfer can be to reduce legal and other costs.
Could a friend be the beneficiary in a life insurance policy?
There's no fundamental reason you can't designate any legal person you want as the beneficiary of your policy. ("Legal person" does not mean that the person is legal, but is meant to include both real people and corporations.)
What is An insurance policy is a legal contract?
Yea, insurance policy is a legal contraft providing for payment of a sum of money to the person assured or, failing him, to the person entitled to receive the same, on the happening of certain event. Any breach of contract by either party can be settled in the Court of Law.
Can a minor get his own auto insurance in Connecticut?
No. A minor is a person who is not of legal age to sign a contract and an insurance policy is a legal contract. A minor may or may not have the ability, depending on state laws and regulations to own a vehicle.
