Notice2024-23059
Agency Information Collection Activity Under OMB Review: Application by Insured Terminally Ill Person for Accelerated Benefit
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
October 7, 2024
Issuing agencies
Veterans Affairs Department
Abstract
In compliance with the Paperwork Reduction Act (PRA) of 1995, this notice announces that the Veterans Benefits Administration, Department of Veterans Affairs, will submit the collection of information abstracted below to the Office of Management and Budget (OMB) for review and comment. The PRA submission describes the nature of the information collection and its expected cost and burden, and it includes the actual data collection instrument.
Full Text
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<title>Federal Register, Volume 89 Issue 194 (Monday, October 7, 2024)</title>
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[Federal Register Volume 89, Number 194 (Monday, October 7, 2024)]
[Notices]
[Pages 81153-81154]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-23059]
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DEPARTMENT OF VETERANS AFFAIRS
[OMB Control No. 2900-0618]
Agency Information Collection Activity Under OMB Review:
Application by Insured Terminally Ill Person for Accelerated Benefit
AGENCY: Veterans Benefits Administration, Department of Veterans
Affairs.
ACTION: Notice.
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SUMMARY: In compliance with the Paperwork Reduction Act (PRA) of 1995,
this notice announces that the Veterans Benefits Administration,
Department of Veterans Affairs, will submit the collection of
information abstracted below to the Office of Management and Budget
(OMB) for review and comment. The PRA submission describes the nature
of the information collection and its expected cost and burden, and it
includes the actual data collection instrument.
DATES: Comments and recommendations for the proposed information
collection should be sent by November 6, 2024.
ADDRESSES: To submit comments and recommendations for the proposed
information collection, please type the following link into your
browser: <a href="http://www.reginfo.gov/public/do/PRAMain">www.reginfo.gov/public/do/PRAMain</a>, select ``Currently under
Review--Open for Public Comments'', then search the list for the
information collection by Title or ``OMB Control No. 2900-0618.''
FOR FURTHER INFORMATION CONTACT: VA PRA information: Maribel Aponte,
(202) 461-8900, <a href="/cdn-cgi/l/email-protection#a0d6c1c3cfd0c1d0c5d2d7cfd2cbd2c5c4d5c1c3d4e0d6c18ec7cfd6"><span class="__cf_email__" data-cfemail="215740424e5140514453564e534a534445544042556157400f464e57">[email protected]</span></a>.
SUPPLEMENTARY INFORMATION:
Title: Application by Insured Terminally Ill Person for Accelerated
[[Page 81154]]
Benefit Forms SGLV 8284 and SGLV 8284A.
OMB Control Number: 2900-0618 <a href="https://www.reginfo.gov/public/do/PRASearch">https://www.reginfo.gov/public/do/PRASearch</a>
Type of Review: Extension of a currently approved collection.
Abstract: VA has amended regulations for the Servicemembers' Group
Life Insurance (SGLI) and Veterans' Group Life Insurance (VGLI)
programs to add accelerated death benefit (Accelerated Benefit)
provisions that permit terminally ill policyholders access to the death
benefits of their policies before they die. Traditionally, an
individual purchases life insurance in order to safeguard his or her
dependents against major financial loss due to his or her death. Life
insurance serves to replace the lost income of an insured and to
provide for his or her final expenses. In recent years, the insurance
industry has recognized the financial needs of terminally ill
policyholders and has begun offering policies with accelerated benefit
provisions. A recent statutory amendment (section 302 of the Veterans
Programs Enhancement Act of 1998, Public Law 105-368, 112 Stat. 3315,
3332-3333) added section 1980 to title 38, United States Code, which
extends an accelerated benefit option to terminally ill persons insured
in the SGLI and VGLI programs.
An agency may not conduct or sponsor, and a person is not required
to respond to a collection of information unless it displays a
currently valid OMB control number. The Federal Register Notice with a
60-day comment period soliciting comments on this collection of
information was published at 89 FR 63254, August 2, 2024.
Affected Public: Individuals or Households.
Estimated Annual Burden: 40 hours.
Estimated Average Burden per Respondent: 12 minutes.
Frequency of Response: One time.
Estimated Number of Respondents: 200.
Authority: 44 U.S.C. 3501 et seq.
Maribel Aponte,
VA PRA Clearance Officer, Office of Enterprise and Integration, Data
Governance Analytics, Department of Veterans Affairs.
[FR Doc. 2024-23059 Filed 10-4-24; 8:45 am]
BILLING CODE 8320-01-P
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