Form 29-1546 Application for Cash Surrender and/or Policy Loan

Application for Cash Surrender or Policy Loan

29-1546

Application for Cash Surrender or Policy Loan

OMB: 2900-0012

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OMB Approved No. 2900-0012
Respondent Burden: 10 minutes

APPLICATION FOR CASH SURRENDER
GOVERNMENT LIFE INSURANCE
PRIVACY ACT NOTICE: The VA will not disclose information collected on this form to any source other than what has been authorized under the Privacy Act of 1974 or Title 5, Code of
Federal Regulations 1.576 for routine uses identified in the VA system of records, 36VA00, Veterans and Armed Forces Personnel U.S. Government Life Insurance Records-VA, published in
the Federal Register. Your obligation to respond is voluntary, but your failure to provide us the information could impede processing. Giving us your SSN account information is voluntary.
Refusal to provide your SSN by itself will not result in the denial of benefits. The VA will not deny an individual benefits for refusing to provide his or her SSN unless the disclosure of the
SSN is required by a Federal Statute of law in effect prior to January 1, 1975, and still in effect. The responses you submit are considered confidential (38 U.S.C. 5701).
RESPONDENT BURDEN: We need this information to determine, establish, or verify your eligibility for VA Insurance benefits (38 U.S.C. 5902). Title 38 United States Code, allows us to
ask for this information. We estimate that you will need an average of 10 minutes to review the instructions, find the information, and complete this form. VA cannot conduct or sponsor a
collection of information unless a valid OMB control number is displayed. You are not required to respond to a collection of information if this number is not displayed. Valid OMB control
numbers can be located on the OMB Internet page at www.whitehouse.gov/library/OMBINV.VA.EPA. html#VA. If desired, you can call 1-800-827-1000 to get information on where to send
comments or suggestions about this form.

1. FIRST-MIDDLE-LAST NAME (Type or print)

2. INSURANCE FILE NUMBER

3. MAILING ADDRESS (Must be completed)

4. POLICY NUMBER ( Include letter prefix)

F

5. DAYTIME TELEPHONE NUMBER (Include Area Code)

(

)

6. SOCIAL SECURITY NUMBER

7. I HEREBY SURRENDER MY: (Check appropriate box)
BASIC INSURANCE POLICY

BASIC INSURANCE AND PAID-UP ADDITIONS

PAID-UP ADDITIONS ONLY

USE SURRENDER VALUE TO BUY REDUCED PAID-UP INSURANCE

PARTIAL SURRENDER OF PAID-UP ADDITIONS (Amount of check) $
8. FUTURE DIVIDEND OPTION
PAY TO ME IN CASH

APPLY TO PAY PREMIUMS IN ADVANCE

HOLD ON DIVIDEND CREDIT

APPLY TO PAY INDEBTEDNESS

APPLY TO BUY PAID-UP ADDITIONS

HOLD ON DIVIDEND DEPOSIT

NET CASH

NETLOLI

NETPUA

NET OPTIONS: Dividend pays annual premium and remainder is used to reduce loan (NETLOLI), buy additional insurance (NETPUA), or refunded to veteran (NETCASH).

I hereby surrender all my right, title and interest in the basic insurance policy and/or paid-up additions represented by the policy number shown in Item 4 for the
purpose of obtaining the cash surrender value.
9. FULL SIGNATURE OF INSURED (Do not print)

10. DATE

11. HOW WOULD YOU LIKE TO RECEIVE THIS PAYMENT?
BY CHECK
(NOTE: If you are currently on Direct Deposit, this will stop
all future payments by electronic transfer until we
receive instructions from you.)

BY DIRECT DEPOSIT (Please attach a voided personal
(NOTE: The account must be in the name of the veteran. Direct Deposit will continue with all
future payments to this account. You must notify us of any changes.)
A. NAME OF FINANCIAL INSTITUTION

B. TRANSIT/ROUTING NUMBER

C. DEPOSITOR ACCOUNT NUMBER

D. TELEPHONE NUMBER OF FINANCIAL
INSTITUTION

E. ADDRESS OF FINANCIAL INSTITUTION

F. TYPE OF DEPOSITOR ACCOUNT

ADDRESS SHOWN IN ITEM 3

TEMPORARY ADDRESS SHOWN BELOW
(Please print)

(

)

CHECKING

SAVINGS

IMPORTANT - After this form has been completed and signed, it should be mailed to:
Department of Veterans Affairs
P.O. Box 7327
Philadelphia, PA 19101
NOTE: IF YOU PREFER, INSTEAD OF MAILING THIS FORM, IT MAY BE FAXED TO 1-888-748-5828
PLEASE DO NOT RETURN YOUR POLICY WITH THIS APPLICATION
QUESTIONS ABOUT YOUR INSURANCE? CALL US TOLL-FREE AT 1-800-669-8477.
VA FORM
JUN 2007

29-1546

EXISTING STOCK OF VA FORM 29-1546, JUN 2005,
WILL BE USED.

OMB Approved No. 2900-0012
Respondent Burden: 10 minutes

APPLICATION FOR POLICY LOAN
GOVERNMENT LIFE INSURANCE
PRIVACY ACT NOTICE: The VA will not disclose information collected on this form to any source other than what has been authorized under the Privacy Act of 1974 or Title 5, Code of
Federal Regulations 1.576 for routine uses identified in the VA system of records, 36VA00, Veterans and Armed Forces Personnel U.S. Government Life Insurance Records-VA, published in
the Federal Register. Your obligation to respond is voluntary, but your failure to provide us the information could impede processing. Giving us your SSN account information is voluntary.
Refusal to provide your SSN by itself will not result in the denial of benefits. The VA will not deny an individual benefits for refusing to provide his or her SSN unless the disclosure of the
SSN is required by a Federal Statute of law in effect prior to January 1, 1975, and still in effect. The responses you submit are considered confidential (38 U.S.C. 5701).
RESPONDENT BURDEN: We need this information to determine, establish, or verify your eligibility for VA Insurance benefits (38 U.S.C. 5902). Title 38 United States Code, allows us to
ask for this information. We estimate that you will need an average of 10 minutes to review the instructions, find the information, and complete this form. VA cannot conduct or sponsor a
collection of information unless a valid OMB control number is displayed. You are not required to respond to a collection of information if this number is not displayed. Valid OMB control
numbers can be located on the OMB Internet page at www.whitehouse.gov/library/OMBINV.VA.EPA. html#VA. If desired, you can call 1-800-827-1000 to get information on where to send
comments or suggestions about this form.

1. FIRST-MIDDLE-LAST NAME (Type or print)

2. INSURANCE FILE NUMBER

3. MAILING ADDRESS (Must be completed)

4. SOCIAL SECURITY NUMBER

F

5. DAYTIME TELEPHONE NUMBER (Include Area Code)

(
6. POLICY NUMBER(S) ON WHICH LOAN IS REQUESTED

)

7. AMOUNT OF LOAN DESIRED (Check one)

$

(AMOUNT) OR

MAXIMUM LOAN

8. DO YOU WISH TO USE DIVIDENDS TO REDUCE THE LOAN?
APPLY FUTURE DIVIDENDS TO PAY AN ANNUAL PREMIUM WITH THE
REMAINING BALANCE APPLIED TO REDUCE THE LOAN

APPLY EXISTING DIVIDEND CREDIT/DEPOSIT TO REDUCE THE LOAN
PRINCIPAL

APPLY FUTURE DIVIDENDS TO REDUCE LOAN PRINCIPAL

NOTE: Your VA compensation or pension or military retirement pay may be used to repay your loan. For more information, call the toll-free number below.

IMPORTANT
All new policy loans have a variable interest rate with a minimum rate of 5% and a maximum rate of
12%. The interest rate may change October of each year. The rate is based on the interest for long term
Treasury bonds. Interest is payable yearly on the anniversary date of the loan.
9. FULL SIGNATURE OF INSURED (Do not print)

10. DATE

11. HOW WOULD YOU LIKE TO RECEIVE THIS PAYMENT?
BY CHECK
(NOTE: If you are currently on Direct Deposit, this will stop
all future payments by electronic transfer until we
receive instructions from you.)

BY DIRECT DEPOSIT (Please attach a voided personal
(NOTE: The account must be in the name of the veteran. Direct Deposit will continue with
all future payments to this account. You must notify us of any changes.)
A. NAME OF FINANCIAL INSTITUTION

B. TRANSIT/ROUTING NUMBER

C. DEPOSITOR ACCOUNT NUMBER

D. TELEPHONE NUMBER OF FINANCIAL
INSTITUTION

E. ADDRESS OF FINANCIAL INSTITUTION

F. TYPE OF DEPOSITOR ACCOUNT

ADDRESS SHOWN IN ITEM 3

TEMPORARY ADDRESS SHOWN BELOW
(Please print)

(

)

CHECKING

SAVINGS

IMPORTANT - After this form has been completed and signed, it should be mailed to:
Department of Veterans Affairs
P.O. Box 7327
Philadelphia, PA 19101
NOTE: IF YOU PREFER, INSTEAD OF MAILING THIS FORM, IT MAY BE FAXED TO 1-888-748-5828
PLEASE DO NOT RETURN YOUR POLICY WITH THIS APPLICATION
QUESTIONS ABOUT YOUR INSURANCE? CALL US TOLL-FREE AT 1-800-669-8477.
VA FORM
JUN 2007

29-1546

EXISTING STOCK OF VA FORM 29-1546, JUN 2005, WILL
BE USED.


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