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1741 1 July 2010 E-Mail ALSO D/10 Subj: FSG LI PREMIUM RATE CHANGE Ref: (a) Personnel and Pay Procedures Manual, PACIEST M1000.2(series), Sec 5. A (b) Pay & Personnel Center Servicing Personnel Office

How to fill out sglifsgli premium changes

How to Fill Out SGLI/Family SGLI Premium Changes?

1. Obtain and Fill Out the SGLI/Family SGLI Premium Change Form: This form can be downloaded from the official website of the Department of Veterans Affairs (VA). Ensure that all the required sections are completed accurately and legibly.
2. Provide Personal Information: Fill in your full name, social security number, contact information, and any other required identification details.
3. Indicate the Change: Clearly state the change you wish to make regarding your SGLI or Family SGLI premium. For example, if you want to increase or decrease the coverage amount, add or remove a beneficiary, or change the payment method, specify it accordingly.
4. Specify Effective Date: Mention the date from which you want the changes to take effect. It is important to note that making premium changes may require a waiting period or certain conditions to be fulfilled as per the policy rules.
5. Signature and Date: Sign and date the form to certify that the information provided is accurate and complete.
6. Submit the Form: Once the form is filled out and signed, submit it through the appropriate channel as instructed by the VA. This can be done online, through mail, or by visiting a VA office in person.

Who Needs SGLI/Family SGLI Premium Changes?

1. Active Duty Service Members: Any active duty service member who has opted for SGLI coverage may consider premium changes based on their changing life circumstances, such as getting married, having children, or experiencing a change in financial responsibilities.
2. Veterans: Veterans who have opted for coverage under VGLI (Veterans' Group Life Insurance) can also make premium changes as per their needs and life situations.
3. Military Spouses and Dependents: Family members who are covered under Family SGLI also have the option to make premium changes if their circumstances require adjustment to the coverage amount or other policy details.

Note: It is advisable to consult with a financial advisor, insurance specialist, or the VA directly to understand the specific requirements and implications of making SGLI or Family SGLI premium changes.

For pdfFiller’s FAQs

What is sglifsgli premium changes?

SGLI/FSGI premium changes refer to adjustments made to the premiums paid for Servicemembers' Group Life Insurance and Family Servicemembers' Group Life Insurance.

Who is required to file sglifsgli premium changes?

All eligible Servicemembers and their families who have SGLI/FSGI coverage are required to report any changes in premiums.

How to fill out sglifsgli premium changes?

SGLI/FSGI premium changes can usually be reported online through the designated portal or by contacting the appropriate administrative office.

What is the purpose of sglifsgli premium changes?

The purpose of reporting SGLI/FSGI premium changes is to ensure that the correct amount is being paid for insurance coverage based on any adjustments in coverage or premiums.

What information must be reported on sglifsgli premium changes?

Information such as changes in coverage amounts, premium rates, beneficiary designations, and any other relevant details must be reported on SGLI/FSGI premium changes.

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