Money Related Articles

Insurance Most Popular Articles

Do You Need a POA?

With the highly mobile nature of the military, service members often rely on their family members to take care of their affairs while they're away. To plan for this many use a Power of Attorney (POA) document.  
Through the POA the service member, designated as the "principal," may authorize their spouse or next of kin as their "agent" to take care of their financial affairs, including the purchase of life insurance. The POA is a very powerful document because it allows your representative to make major financial decisions on your behalf. 
Therefore, it is important to be specific when granting such authorizations. Please visit the AAFMAA website for a sample POA document that we encourage members to use.  

Military News App by

Download the new News App for Android on Google Play or for Apple devices on iTunes!

Featured VA Loan Articles

  • VA Loan Closing Costs: An Added Benefit
    Besides the advantage of requiring no down payment for qualified VA borrowers, there's also a distinct advantage for the borrow...
  • White suburban home.
    IRRRL Facts for Veterans
    IRRRL stands for Interest Rate Reduction Refinancing Loan,also known as a "Streamline" or a "VA to VA" loan.
  • US Map Showing High Cost Counties
    VA Loan Limits for High-Cost Counties 2017
    The VA loan limit for 2017 is $424,100. But it could actually be substantially more if you buy a home in a high-cost county. Se...
  • Get the FAQs on VA Home Loans
    We've answered 16 of the most frequently asked VA Loan Benefit questions. View them now to get a quick understanding of your be...
  • Top 3 VA Home Loan Tips
    There are numerous advantages to having a VA mortgage. A VA mortgage loan can be guaranteed with no money down, in some cases u...
© 2016 Military Advantage