Over 50s insurance.

Silvertabby

“ No, she wouldn't be able to apply herself. But I have full power of attorney over her health and financial matters so would that not entitle me to act on her behalf?
Originally posted by Graeme Moore

“ Yes it does, but your actions have to be for her benefit. It's a debatable point whether a payout to you on her death is a benefit to her, although the fact that you are paying the premiums I would say swings things in your direction.
Originally posted by agrinnall ”
An individual always has an insurable interest in their own life so I don't think it could be argued that it isn't in her interests to have the cover.

We don't have any of these policies - but I'm guessing that the policy providers will either question why the person with POA is acting on her behalf, and/or will ask for medical details.

Weighty1

Silvertabby wrote: »

We don't have any of these policies - but I'm guessing that the policy providers will either question why the person with POA is acting on her behalf, and/or will ask for medical details.

They can ask why but if someone has power of attorney then they are in effect acting on the persons behalf and as I previously stated, an individual always has an insurable interest on their own life.

They would not ask for medical details as these are not required on these plans. That it why they are normally such poor value, because the insurer knows it's taking a risk and that unhealthy/ill people could be taking them out.