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Milwaukee VA Medical Center

 

News from the Department of Veterans Affairs

Press Releases

VA Proposes Removal of Employees Who Manipulated Data (7/29/2014)

The Department of Veterans Affairs (VA) today proposed a series of disciplinary actions against six employees at Department facilities in Cheyenne, Wyo., and Fort Collins, Colo. These actions are a part of VA's effort to rebuild the trust of America's Veterans.

Acting Secretary Gibson Outlines Progress in Phoenix (7/28/2014)

As part of the Department of Veterans Affairs' (VA) Accelerating Access to Care Initiative, the Phoenix VA Health Care System has reached out to more than 5,000 Veterans to coordinate the acceleration of their care.

Actions taken to improve health care in Phoenix (7/24/2014)

Acting Secretary of Veterans Affairs Sloan D. Gibson today told members of the House Veterans' Affairs Committee that the Department of Veterans Affairs (VA) has taken action on the four recommendations made in the Interim Report of the Office of Inspector General for the Phoenix VA Health Care System.

VAntage Point

Updating your insurance beneficiary can bring peace of mind

Posted: Wed, 30 Jul 2014 15:58:15 +0000


Life insurance should give you and your loved ones the peace of mind that they will have funds available if anything happens to you. But that may not happen if your beneficiary information isnít up-to-date.

Not keeping beneficiaries up-to-date may result in your benefits going to a former spouse, a deceased parentís estate, and your estate. It could also result in payment delays at a critical time. For example, if the listed beneficiaries are children from a first marriage, then children from a current marriage might contest the claim if they believe they have more recent documents showing they should be the beneficiaries. No one can be paid until it is determined who is legally entitled to the money.

If youíve had a recent life event, such as a change in marital status, the addition of a child or the death of a loved one, then now is a good time to review your beneficiary designation for Servicemembersí Group Life Insurance (SGLI), Veteransí Group Life Insurance (VGLI) and the VA Insurance policies starting with V, RH, RS, J, K or W.

Itís the best way to ensure your life insurance benefit is paid to the people whom you want to receive it.

Even if you havenít experienced a recent life event, itís a good idea to review your beneficiaries at least once a year. So, mark it on your calendar as an annual event. Remember, you have the legal right to name any beneficiary you want and change your beneficiary at any time.

You can access all Change of Beneficiary forms at http://www.benefits.va.gov/INSURANCE/updatebene.asp. Here is how:

If you have Download
A VA policy starting with V, RH, RS, J, K or W Form 29-336
SGLI Coverage Form SGLV 8286
VGLI Coverage Form SGLV 8721 or log onto your VGLI Online Account at www.benefits.va.gov/insurance.

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Dave Roesner is the chief of VAís insurance claims division.