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11. Power relating to estate, trust, and other beneficiary transactions. I empower my attorney -in -fact to act for me in all matters that affect a trust, probate estate, guardianship, conservatorship, escrow, custodianship, or other fund from which I am or may become, or may claim to be entitled as a beneficiary to a share or payment, including to: DPOAF of Evelyn P. Magnuson 201305031 4. designate the beneficiary of the contract; however, an agent may be named a beneficiary of the contract or of an extension, renewal, or substitute for the contract only to the extent that the agent was named as a beneficiary under a contract procured by the principal before executing the power of attorney; 5. apply for and receive a loan on the security of the contract of insurance or annuity; 6. surrender and receive the cash surrender value; 7. exercise an election; 8. change the manner of paying premiums; 9. change or convert the type of insurance contract or annuity, with respect to which the principal has or claims to have a power described in this section; 10. change the beneficiary of a contract of insurance or annuity; however, the agent may not be designated a beneficiary except to the extent permitted by subsection (4); 11. apply for and procure government aid to guarantee or pay premiums of a contract of insurance on the life of the principal; 12. collect, sell, assign, hypothecate, borrow upon, or pledge the interest of the principal in a contract of insurance or annuity; and 13. pay from proceeds or otherwise, compromise or contest, and apply for refunds in connection with a tax or assessment levied by a taxing authority with respect to a contract of insurance or annuity or its proceeds or liability accruing by reason of the tax or assessment. 1. accept, reject, disclaim, receive, receipt for, sell, assign, release, pledge, exchange, or consent to a reduction in or modification of a share in or payment from the fund; Page 7 of 16 Initials: Date: C 1 _ _ v ?