[Federal Register Volume 86, Number 212 (Friday, November 5, 2021)]
[Notices]
[Page 61400]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-24223]


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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 (VBA), 
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: Written comments and recommendations for the proposed 
information collection should be sent within 30 days of publication of 
this notice to www.reginfo.gov/public/do/PRAMain. Find this particular 
information collection by selecting ``Currently under 30-day Review--
Open for Public Comments'' or by using the search function. Refer to 
``OMB Control No. 2900-0618''.

FOR FURTHER INFORMATION CONTACT: Maribel Aponte, Office of Enterprise 
and Integration, Data Governance Analytics (008), 1717 H Street NW, 
Washington, DC 20006, (202) 266-4688 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, SGLV 8284.
    OMB Control Number: 2900-0618.
    Type of Review: Extension of a currently 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 and accelerated benefit option to terminally ill persons 
insured in the SGLI and VGLI programs.
    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 86 FR 161 on August 24, 2021, pages 47374 
and 47375.
    Affected Public: Individuals or Households.
    Estimated Annual Burden: 40 hours.
    Estimated Average Burden per Respondent: 12 minutes.
    Frequency of Response: Once.
    Estimated Number of Respondents: 200.

    By direction of the Secretary.
Maribel Aponte,
VA PRA Clearance Officer, Office of Enterprise and Integration, Data 
Governance Analytics, Department of Veterans Affairs.
[FR Doc. 2021-24223 Filed 11-4-21; 8:45 am]
BILLING CODE 8320-01-P