[Federal Register Volume 89, Number 149 (Friday, August 2, 2024)]
[Notices]
[Pages 63254-63255]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-17063]


-----------------------------------------------------------------------

DEPARTMENT OF VETERANS AFFAIRS

[OMB Control No. 2900-0618]


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

AGENCY: Veterans Benefits Administration, Department of Veterans 
Affairs.

ACTION: Notice.

-----------------------------------------------------------------------

SUMMARY: Veterans Benefits Administration (VBA), Department of Veterans 
Affairs (VA), is announcing an opportunity for public comment on the 
proposed collection of certain information by the agency. Under the 
Paperwork Reduction Act (PRA) of 1995, Federal agencies are required to 
publish notice in the Federal Register concerning each proposed 
collection of information, including each proposed extension of a 
currently approved collection, and allow 60 days for public

[[Page 63255]]

comment in response to the notice. DATES: Comments must be received on 
or before October 1, 2024.

ADDRESSES: Comments must be submitted through www.regulations.gov.

FOR FURTHER INFORMATION CONTACT: 
    Program--Specific information: Nancy J. Kessinger, 202-632-8924, 
[email protected].
    VA PRA information: Maribel Aponte, 202-461-8900, 
[email protected].

SUPPLEMENTARY INFORMATION: Under the PRA of 1995, Federal agencies must 
obtain approval from the Office of Management and Budget (OMB) for each 
collection of information they conduct or sponsor. This request for 
comment is being made pursuant to section 3506(c)(2)(A) of the PRA.
    With respect to the following collection of information, VBA 
invites comments on: (1) whether the proposed collection of information 
is necessary for the proper performance of VBA's functions, including 
whether the information will have practical utility; (2) the accuracy 
of VBA's estimate of the burden of the proposed collection of 
information; (3) ways to enhance the quality, utility, and clarity of 
the information to be collected; and (4) ways to minimize the burden of 
the collection of information on respondents, including through the use 
of automated collection techniques or the use of other forms of 
information technology.
    Title: Application by Insured Terminally Ill Person for Accelerated 
Benefit, Forms SGLV 8284 and SGLV 8284A.
    OMB Control Number: 2900-0618. https://www.reginfo.gov/public/do/PRASearch (Once at this link, you can enter the OMB Control Number to 
find the historical versions of this Information Collection).
    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 an accelerated benefit option to terminally ill persons insured 
in the SGLI and VGLI programs.
    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.
    Authority: 44 U.S.C. 3501 et seq.

Maribel Aponte,
VA PRA Clearance Officer, Office of Enterprise and Integration/Data 
Governance Analytics, Department of Veterans Affairs.
[FR Doc. 2024-17063 Filed 8-1-24; 8:45 am]
BILLING CODE 8320-01-P