StacksVerified U.S. regulatory reference

38 CFR §8.32

Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
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:
  1. (a)Apply for insurance or for conversion of a policy or change of plan;
  2. (b)Reinstate a policy;
  3. (c)Withdraw dividends held on deposit or credit;
  4. (d)Select or change a dividend option;
  5. (e)Obtain a policy loan;
  6. (f)Cash surrender a policy;
  7. (g)Authorize a deduction from benefits or allotment from military retired pay to pay premiums;
  8. (h)Apply for and receive payment of proceeds on a matured policy;
  9. (i)Select or change the premium payment option;
  10. (j)Apply for waiver of premiums and total disability income benefits;
  11. (k)Select or change settlement options for beneficiaries; and
  12. (l)Assign a beneficiary's interest as provided under section 1918 of title 38 U.S.C.