New collection (Request for a new OMB Control Number)
No
Regular
12/09/2024
table that charts list comparision
Requested
Previously Approved
36 Months From Approved
25,000
0
12,500
0
0
0
The SGLV 8714 form is used by separating Servicemembers and Veterans, who separated with Servicemembersâ Group Life Insurance (SGLI) coverage, to convert their SGLI coverage to Veteransâ Group Life Insurance (VGLI). It is needed to explain the different coverage levels as well as costs per age and coverage level, it allows Servicemembers and Veterans to provide updated contact information, it allows Servicemembers and Veterans to select a coverage amount that is lower than the SGLI amount they separated with, it allows Servicemembers and Veterans to name a beneficiary for their new VGLI coverage, and, for those requiring medical underwriting, it asks pertinent medical questions that allow the Office of Servicemembersâ Group Life Insurance (OSGLI) to adjudicate the application.
On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control number;
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.