Code of Federal Regulations Title 38. Pensions, Bonuses, and Veterans' Relief § 38.6.21 Guardian:  definition and authority

(a) Definition. For the purpose of this section, the term guardian includes any fiduciary certified by the appropriate Veterans Service Center Manager under § 13.55 of this title to receive benefits in a fiduciary capacity for an insured or beneficiary.

(b) Authority. For the purpose of this part, a guardian of an insured or beneficiary shall have authority to:  Apply for conversion of a policy or change of plan;  reinstate a policy;  withdraw dividends held on deposit or credit;  select or change a dividend option;  obtain a policy loan;  cash surrender a policy;  authorize a deduction from benefits or allotment from military retired pay to pay premiums;  apply for and receive payment of the proceeds on a matured policy;  select or change the premium payment option;  apply for waiver of premiums;  select or change the settlement option for beneficiaries;  assign a beneficiary's interest as provided under section 1953 of title 38 U.S.C.