SGLV 8714, Application For Veterans Group Life Insurance 8714 Ed2014 07

User Manual: 8714

Open the PDF directly: View PDF PDF.
Page Count: 5

Office of Servicemembers'
Group Life Insurance
OSGLI
PO Box 41618
Philadelphia, PA 19176-1473
Phone: 800-419-1473
Fax: 800-236-6142
Veterans’ Group Life Insurance Application Instructions
You have one year and 120 days from your date of separation to apply for Veterans’
Group Life Insurance (VGLI). To apply for VGLI, visit www.benefits.va.gov/insurance, or
complete the attached application and return it to the above address.
To complete the attached application, follow these easy steps:
1. Veteran Information. Complete all fields under “Veteran Information”. You do not
have to fill out fields under “My Correct Address Information Is” if you’ve provided your
correct address in the fields above. Complete all fields under “Additional Contact
Information”.
2. Coverage Election and Payment Method. Choose your coverage amount and billing
preferences. The chart below shows the most frequently requested coverage amounts
and the monthly premium. Coverage is available in $10,000 increments. For coverage
amounts not shown below, please see the rate chart at www.insurance.va.gov or call
800-419-1473.
Amount
of
Coverage
Age 29
&
Under
Age
30-34
Age
35-39
Age
40-44
Age
45-49
Age
50-54
Age
55-59
Age
60-64
Age
65-69
Age
70-74
Age 75 &
Over
$400,000 $32.00 $40.00 $52.00 $68.00 $88.00 $144.00 $268.00 $432.00 $600.00 $920.00 $1,840.00
$350,000 $28.00 $35.00 $45.50 $59.50 $77.00 $126.00 $234.50 $378.00 $525.00 $805.00 $1,610.00
$300,000 $24.00 $30.00 $39.00 $51.00 $66.00 $108.00 $201.00 $324.00 $450.00 $690.00 $1,380.00
$250,000 $20.00 $25.00 $32.50 $42.50 $55.00 $90.00 $167.50 $270.00 $375.00 $575.00 $1,150.00
$200,000 $16.00 $20.00 $26.00 $34.00 $44.00 $72.00 $134.00 $216.00 $300.00 $460.00 $920.00
$150,000 $12.00 $15.00 $19.50 $25.50 $33.00 $54.00 $100.50 $162.00 $225.00 $345.00 $690.00
$100,000 $8.00 $10.00 $13.00 $17.00 $22.00 $36.00 $67.00 $108.00 $150.00 $230.00 $460.00
$50,000 $4.00 $5.00 $6.50 $8.50 $11.00 $18.00 $33.50 $54.00 $75.00 $115.00 $230.00
$10,000 $0.80 $1.00 $1.30 $1.70 $2.20 $3.60 $6.70 $10.80 $15.00 $23.00 $46.00
3. Health Statement. If your date of separation was less than 240 days ago, then you do
not need to complete this section. If your date of separation was more than 240 days
ago, then please be sure to complete this section.
4. Beneficiary Designation. Use this section to name your beneficiaries. If you would like
to name more beneficiaries than the application allows, please list those additional
beneficiaries on a separate sheet of paper along with your name, Social Security
Number, signature, and date. Your beneficiary designation is not valid unless it is
signed, dated, and received by OSGLI prior to your death.
5. Authorization/Signature. Please sign and date the application and send it to OSGLI at
the address above. Be sure to include your first VGLI premium payment and a copy of
your DD-214 or most recent Leave and Earnings Statement with your application. Your
VGLI application is not considered complete unless we receive these items with
your application.
Questions?
For more information about VGLI, please visit www.insurance.va.gov or call 800-419-1473
(Monday to Friday, 8:00 a.m. to 5:00 p.m. Eastern Time).
Application For Veterans’ Group Life Insurance
Office of Servicemembers'
Group Life Insurance
OSGLI use only
IMPORTANT: No insurance may be granted unless a completed application has been
received (38 U.S.C. 1977). Please complete all fields and correct any inaccurate information.
1VETERAN INFORMATION (INFORMATION ON FILE)
First Name: MI:
Last Name:
Social Security #:
Address 1:
Address 2:
City:
State: ZIP Code: Country:
Date of
Birth: Gender: Male Female Age
Branch of
Service: Date of Separation:
M M D D Y Y Y Y
MY CORRECT ADDRESS INFORMATION IS (check this box for changes )
First Name: MI:
Last Name:
Address 1:
Address 2:
City:
State: ZIP Code: Country:
ADDITIONAL CONTACT INFORMATION
Email:
Please send me general information and newsletters by email
Please send me notices related to my bill or policy by email
Daytime
Phone:
Evening
Phone:
GL.2009.153 Ed. 06/2014 *8714A003*
*8714A001*
Page 1 of 4
OSGLI use only
2COVERAGE ELECTION AND PAYMENT METHOD
I am applying for the following amount of coverage: $ ,
Amount must be in multiples of $10,000 and cannot exceed $400,000 or the amount on date of discharge (whichever is less).
Your SGLI amount on the date of your discharge was: $ ,
I would like my payment cycle to be: Monthly Quarterly Semi-Annually Annually
I have enclosed my first premium payment of: $ ,.
Automatic Monthly Deductions from military retirement pay
Automatic Monthly Deductions from VA Compensation.
My VA claim file number is:
Have you been able to work since leaving the service? Yes No
If no, is this due to a disability incurred while in the service? Yes No
3HEALTH STATEMENT (Please attach a separate sheet with details for any question answered “yes”)
Height: feet inches Weight: pounds
Have you had or been treated for or had known indications of:
Y NY N
A. Heart trouble or abnormal pulse?
B. High blood pressure?
C. Diabetes or sugar in urine?
D. Cancer or tumors?
E. Lung or respiratory disorders?
F. Disorders of kidney, bladder or urinary system?
G. Liver or gall bladder disorder?
H. Stomach or intestinal disorder?
I. Arthritis?
In the past 5 years have you:
Y NY N
J. Been declined or postponed for any form of life
or health insurance or offered a policy with a
higher premium because of health reasons only?
K. Been absent from work for more than 5
continuous days because of sickness or injury?
L. Been advised to have a surgical procedure?
M. Been a patient or been advised to enter a
hospital or health care facility?
N. Consulted, been attended, or examined by a
doctor or other practitioner other than annual
or periodic physicals?
O. Used barbiturates, heroin, opiates, or other
narcotics, or been treated for alcoholism?
P. Been diagnosed as having Acquired
Immunodeficiency Syndrome (AIDS) or
AIDS-related complex (ARC)?
Q. Do you have any known physical impairments,
deformities, or ill health not covered above?
R. Do you have a service-connected disability?
If yes, what is the VA claim file number?
Veteran’s Signature:
XDate:
M M D D Y Y Y Y
GL.2009.153 Ed. 06/2014 *8714A002*
*8714A002*
Page 2 of 4
OSGLI use only
4BENEFICIARY DESIGNATION
Beneficiary(ies) and Benefit Payment Options
I designate the following beneficiary(ies) to receive my insurance proceeds. I understand that the primary beneficiary(ies) will
receive payment upon my death. The share of any primary beneficiary who dies before me will be distributed equally among the
remaining primary beneficiaries. If all primary beneficiary(ies) die before me, the insurance will be paid to the secondary beneficiaries.
I understand that unless I have named a beneficiary(ies) below, my insurance will be paid under the provisions of the law (38 U.S.C.
1970). The designation below cancels any prior SGLI or VGLI beneficiary designation or payment instruction.
A. Primary Beneficiaries
The total for all primary beneficiaries must equal 100%.
1. Type
(Select One)
Child Parent Spouse Other Family Other Estate Charitable Institution
Gender: Male Female
First Name: MI:
Last Name:
Other:
Address:
Phone: SSN:
Payment: Lump Sum* 36 Installments Share: %
2. Type
(Select One)
Child Parent Spouse Other Family Other Estate Charitable Institution
Gender: Male Female
First Name: MI:
Last Name:
Other:
Address:
Phone: SSN:
Payment: Lump Sum* 36 Installments Share: %
To list more beneficiary(ies) please copy and attach additional pages.
(must equal 100%) TOTAL
* If you elect a lump sum payment, the beneficiary(ies) will be given the option of receiving the lump sum payment through the Prudential
Alliance Account, by check or Electronic Funds Transfer (EFT). Alliance is not available for payments less than $5,000, payments to
individuals residing outside the United States and its territories, and certain other payments. These will be paid by check.
The funds in an Alliance Account begin earning interest immediately and will continue to earn interest until all funds are withdrawn. Interest
is accrued daily, compounded daily and credited every month. The interest rate may change and will vary over time subject to a minimum
rate that will not change more than once every 90 days. You will be advised in advance of any change to the minimum interest rate via your
quarterly Alliance Account statement or by calling Customer Support at (877) 255-4262.
The Bank of New York Mellon is the Administrator of the Prudential Alliance Account Settlement Option, a contractual obligation of The Prudential
Insurance Company of America, located at 751 Broad Street, Newark, NJ 07102-3777. Draft clearing and processing support is provided by The
Bank of New York Mellon. Alliance Account balances are not insured by the Federal Deposit Insurance Corporation (FDIC). The Bank
of New York Mellon is not a Prudential Financial company.
GL.2009.153 Ed. 06/2014 *8714A003*
*8714A003*
Page 3 of 4
0
GL.2009.153 Ed. 06/2014
OSGLI use only
B. Secondary Beneficiaries
The total for all secondary beneficiaries must equal 100%.
1. Type
(Select One)
Child Parent Spouse Other Family Other Estate Charitable Institution
Gender: Male Female
First Name: MI:
Last Name:
Other:
Address:
Phone: SSN:
Payment: Lump Sum* 36 Installments Share: %
2. Type
(Select One)
Child Parent Spouse Other Family Other Estate Charitable Institution
Gender: Male Female
First Name: MI:
Last Name:
Other:
Address:
Phone: SSN:
Payment: Lump Sum* 36 Installments Share: %
To list more beneficiary(ies) please copy and attach additional pages. TOTAL
must equal 100%
5AUTHORIZATION/SIGNATURE
I authorize OSGLI to record and consider the individuals/institutions that I have named on this form as beneficiaries for VGLI benefits,
specifically those names I have entered in section A (“Primary Beneficiaries”) and also section B (“Secondary Beneficiaries”).
I understand that I cannot have combined SGLI and VGLI coverage for more than $400,000. I understand that unless I have named a
beneficiary(ies) above, my insurance will be paid under provisions of Federal Law.
Veteran’s Signature:
XDate:
M M D D Y Y Y Y
The Veteran must sign and date this form.
The signature date must be the date this form is actually signed.
Submit the completed form by fax to 800-236-6142 or mail to: OSGLI, P O BOX 41618, Philadelphia, PA 19176-9913
Office of Servicemembers’ Group Life Insurance (OSGLI) telephone number is 800-419-1473.
Please visit www.insurance.va.gov to create an online account and see other available features.
Please keep a copy of the completed form for your records.
*8714A004*
*8714A004* 77202-1013 Page 4 of 4
0

Navigation menu