8. Peter applied for a segregated fund contract seven years ago at age 77 . Since then he has progressively lost his mental capacity and three morths ago his affairs were assumed by a person holding his power of attorney (POA). The pernon holding his POA sees that Peter named his estate as berteliciary of the contract, which would therefore be shared equally between all Peter's relatives. Peter's will, however, shows that his sons should have been named as beneficiaries. The person holding his POA thinks a mistake has been made and should be corrected immediately. He calls the hicensed agent who sold Peter the contract. What should the agent do under these circumstances? O Promptly forward the change of beneficiary forms to Peter to revise. O Suggest surrendering the contract and starting a new contract naming the sons as beneficiaries. O Suggest that the person holding the POA should seek legal guidance in making the change of beneficiaries to avoid future claims from the estate benifio siles
O Suggest that the person holding the POA call the insurer to make the change and name the sons as beneficiaries.