83 FR 24163 - Agency Information Collection Activity Under OMB Review: Application by Insured Terminally Ill Person for Accelerated Benefit

DEPARTMENT OF VETERANS AFFAIRS

Federal Register Volume 83, Issue 101 (May 24, 2018)

In compliance with the Paperwork Reduction Act (PRA) of 1995, this notice announces that the Veterans Benefits Administration, Department of Veterans Affairs, will submit the collection of information abstracted below to the Office of Management and Budget (OMB) for review and comment. The PRA submission describes the nature of the information collection and its expected cost and burden and it includes the actual data collection instrument.

[Federal Register Volume 83, Number 101 (Thursday, May 24, 2018)]
[Notices]
[Page 24163]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-11131]


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DEPARTMENT OF VETERANS AFFAIRS

[OMB Control No. 2900-0618]


Agency Information Collection Activity Under OMB Review: 
Application by Insured Terminally Ill Person for Accelerated Benefit

AGENCY: Veterans Benefits Administration, Department of Veterans 
Affairs.

ACTION: Notice.

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SUMMARY: In compliance with the Paperwork Reduction Act (PRA) of 1995, 
this notice announces that the Veterans Benefits Administration, 
Department of Veterans Affairs, will submit the collection of 
information abstracted below to the Office of Management and Budget 
(OMB) for review and comment. The PRA submission describes the nature 
of the information collection and its expected cost and burden and it 
includes the actual data collection instrument.

DATES: Comments must be submitted on or before June 25, 2018.

ADDRESSES: Submit written comments on the collection of information 
through www.Regulations.gov, or to Office of Information and Regulatory 
Affairs, Office of Management and Budget, Attn: VA Desk Officer, 725 
17th St. NW, Washington, DC 20503 or sent through electronic mail to 
[email protected]. Please refer to ``OMB Control No. 2900-
0618'' in any correspondence.

FOR FURTHER INFORMATION CONTACT: Cynthia Harvey-Pryor, Enterprise 
Records Service (005R1B), Department of Veterans Affairs, 810 Vermont 
Avenue NW, Washington, DC 20420, (202) 461-5870 or email 
[email protected]. Please refer to ``OMB Control No. 2900-
0618'' in any correspondence.

SUPPLEMENTARY INFORMATION: 

    Authority: Public Law 104-13; 44 U.S.C. 3501-3521.

    Title: Application by Insured Terminally Ill Person for Accelerated 
Benefit Form SGLI 8284.
    OMB Control Number: 2900-0618.
    Type of Review: Reinstatement of a previously approved collection.
    Abstract: VA has amended regulations for the Servicemembers' Group 
Life Insurance (SGLI) and Veterans' Group Life Insurance (VGLI) 
programs to add accelerated death benefit (Accelerated Benefit) 
provisions that permit terminally ill policyholders access to the death 
benefits of their policies before they die. Traditionally, an 
individual purchases life insurance in order to safeguard his or her 
dependents against major financial loss due to his or her death. Life 
insurance serves to replace the lost income of an insured and to 
provide for his or her final expenses. In recent years, the insurance 
industry has recognized the financial needs of terminally ill 
policyholders and has begun offering policies with accelerated benefit 
provisions. A recent statutory amendment (Section 302 of the Veterans 
Programs Enhancement Act of 1998, Pub. L. 105-368, 112 Stat. 3315, 
3332-3333) added section 1980 to Title 38, United States Code, which 
extends an accelerated benefit option to terminally ill persons insured 
in the SGLI and VGLI programs. This form expired due to high volume of 
work and staffing changes.
    An agency may not conduct or sponsor, and a person is not required 
to respond to a collection of information unless it displays a 
currently valid OMB control number. The Federal Register Notice with a 
60-day comment period soliciting comments on this collection of 
information was published at 83 FR 56 on March 22, 2018, pages 12653 
and 12654.
    Affected Public: Individuals and Households.
    Estimated Annual Burden: 40 hours.
    Estimated Average Burden per Respondent: 12 minutes.
    Frequency of Response: One time.
    Estimated Number of Respondents: 200.

    By direction of the Secretary.
Cynthia D. Harvey-Pryor,
Department Clearance Officer, Office of Quality, Privacy and Risk, 
Department of Veterans Affairs.
[FR Doc. 2018-11131 Filed 5-23-18; 8:45 am]
 BILLING CODE 8320-01-P