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Can I Own Two Life Insurance Policies In The Same Time?

Posted July 31, 2009 – 10:18 pm in: structured settlements FAQ

Do I get payment from both insurance companies depending on how many I insured or it will end up no one pays the bill?
Currently I have a life insurance and long-term disable policy from work. I heard that it is better to own life insurance and long-term disable policy outside of the work, in case [...]

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Is The Beneficiary Of A Life Insurance Contradict With A Power Of Attorney, Supposedly It’s The Same Person?

Posted May 25, 2009 – 10:25 am in: structured settlements FAQ

I was named a main beneficiary on my mom life insurance many years ago. She recently in a comma due to cancer, and I was appointed as her power of attorney. According to a clause in the Power of Attorney: “my Agent cannot designate himself or herself a beneficiary of any such insurance contracts”, is [...]

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