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Title 38: Pensions, Bonuses, and Veterans' Relief
CHAPTER I: DEPARTMENT OF VETERANS AFFAIRS
PART 8: NATIONAL SERVICE LIFE INSURANCE
: Appeals
8.32 - Authority of the guardian.
What actions does a guardian have the authority to take for insurance purposes
The guardian of an insured or beneficiary has the authority to take the following actions:
(a) Apply for insurance or for conversion of a policy or change of plan;
(b) Reinstate a policy;
(c) Withdraw dividends held on deposit or credit;
(d) Select or change a dividend option;
(e) Obtain a policy loan;
(f) Cash surrender a policy;
(g) Authorize a deduction from benefits or allotment from military retired pay to pay premiums;
(h) Apply for and receive payment of proceeds on a matured policy;
(i) Select or change the premium payment option;
(j) Apply for waiver of premiums and total disability income benefits;
(k) Select or change settlement options for beneficiaries; and
(l) Assign a beneficiary's interest as provided under section 1918 of title 38 U.S.C.
(Authority: 38 U.S.C. 1906)
[67 FR 54739, Aug. 26, 2002]
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