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  • 8284; Sgli And Vgli Accelerated Benefits Option Form - Veterans ... - Benefits Va

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Office of Servicemembers Group Life Insurance Claim for Accelerated Benefits Servicemembers Group Life Insurance SGLI Veterans Group Life Insurance VGLI About the Accelerated Benefit Option The Accelerated Benefit Option allows you to receive up to 50 of your SGLI or VGLI benefit if you have been diagnosed by your physician as being terminally ill as defined in Public Law 105-368 with nine 9 months or less to live.

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The amount of Accelerated Benefit available to a member is up to 50% of the face value of the member's insurance coverage.

If you have SGLI coverage, you have 120 days from your date of separation to convert your coverage.

What life insurance benefits can I get with VGLI? You can get between $10,000 and $500,000 in term life insurance benefits. The amount you'll get will be based on how much SGLI coverage you had when you left the military. Learn more about the difference between term and whole life coverage.

The Accelerated Benefit Option allows you to receive up to 50% of your SGLI or VGLI benefit if you have been diagnosed by your physician as being terminally ill (as defined in Public Law 105-368) with nine (9) months or less to live. Only you (the insured) can apply for this benefit.

Individuals who separate from active duty, re-enlist, and effect other changes in their duty status, will become eligible for both SGLI and VGLI coverage and in some cases will become insured under both programs.

You can apply for the cash value by submitting: A completed VA Form 29-1546, "Application for Cash Surrender Value or Policy Loan," OR. A written request stating your wish to surrender the policy for the cash value.

How does VGLI differ from other term life insurance policies? VGLI allows you to continue your Servicemembers' Group Life Insurance (SGLI) coverage after you separate from service, but you must enroll within one year and 120 days from discharge or separation in order to be eligible to continue coverage.

You are also eligible to apply for VGLI, if you had part-time SGLI and while performing duty, suffered an injury or disability that rendered you uninsurable at standard premium rates. This includes travel directly to and from duty.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232