White Paper for Non-Substantial Change (2023)

White Paper 29-1546-Sept 2023.docx

Application for Cash Surrender or Policy Loan (VA Form 29-1546 ) and Application for Cash Surrender (VA Form 29-1546e (DocuSign)

White Paper for Non-Substantial Change (2023)

OMB: 2900-0012

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memorandum

to:

VBA Publications Control Officer

from:

DANIEL G ELLIS, VA Life Insurance Center

subject:

Non-Sub Change for APPLICATION FOR CASH SURRENDER OR POLICY LOAN GOVERNMENT LIFE INSURANCE

date:

September 29, 2023





This request is being submitted to update VA Form 29-1546 to remove the option for a partial surrender. The form was also updated to remove the options for Div Credit and Div Deposit and replace it with Dividend Account for both cash surrenders and loan requests.

Please make the following changes to the 29-1546.

  • Page 1, item 6, delete "PARTIAL SURRENDER OF PAID UP ADDITIONS (Amount of check)$______"

  • Page 1, item 7, correct the spelling of NET LOAN. Change "HOLD ON DIVIDEND CREDIT" to "HOLD IN DIVIDEND".

  • Page 1, item 7, in the NET OPTIONS sentence, change (NETLOLI) to (NET LOAN) and add a space after NET in (NET PUA) and (NET CASH).

  • Page 1, in the sentence before item 8, change the number "4" to "2" because INSURANCE POLICY NUMBER is item 2 not 4.

  • Page 2, item 8, remove "CREDIT/DEPOSIT" from 3rd box. Add a new box that states "APPLY PART OF EXISTING DIVIDENDS ON ACCOUNT TO REDUCE THE LOAN AMOUNT: $___________"



These modifications will not change any previous calculations. Therefore, this in a non-substantial change.




Thank you



File Typeapplication/vnd.openxmlformats-officedocument.wordprocessingml.document
File TitleMemo (Elegant design)
AuthorISSDWAGN
File Modified0000-00-00
File Created2023-12-14

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