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Do you need power of attorney to surrender to surrender a family members life insurance when it costs more than the insurance is worth?
The owner of the policy is the only person who can surrender a life insurance policy. Most of the time the insured is the owner but not always. You might want to speak with a tax professional before cashing in the policy as income taxes will be due on benefits but if the policy pays out at death it is tax free. Unless the policy is very very old the death benefit may be much higher than it says on the policy if there is that much cash in it. Check with the company before making decisions.
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Do you need power of attorney to surrender a family members life insurance when it costs more than the insurance is worth?
yes because the said in this is money so lets fight for it
Do family members in California need workers comp insurance?
Workers comp insurance has nothing to do with family members. Workers comp insurance is an insurance policy that your employer will have on if in case you get hurt at work.
Can other immediate family members change the beneficiary of a life insurance plicy?
Immediate family members would not be able to change someone's life insurance beneficiary without power of attorney. The life insurance policy is a legally recognized document signed by the owner with a designated recipient.
Are you covered by your family members insurance when you use their car?
No
Can a power of attorney be revoked by other family members?
No only the grantor can revoke a power of attorney. That may be the court. And death will terminate the power of attorney.
Can you add non-family members to your health insurance policy?
Yes, you can typically add non-family members to your health insurance policy, such as domestic partners or dependents, depending on the specific policy and regulations of the insurance provider.
Are you covered on a family member's car insurance?
Yes you are covered on a family members car insurance if you are driving a vehicle owned and insured by them.....
Does Home owners insurance cover bodily injury for family members?
No, That's what you major medical insurance policy is for.
How do you find out if someone had a insurance policy after they die?
By referring to the family members on survival
Can a life insurance policy with five family members be turned in to five policies?
The answer is in the negative. You are to opt for separate life policies for your five family members to cater their needs.
Do you need life insurance after a certain age?
Nobody needs life insurance. It is the family members who depend on you who may need it if you die before them.
Can you add anyone to your health insurance plan?
Yes, you can typically add immediate family members, such as a spouse or children, to your health insurance plan.
