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Va 29-5851 Form: What You Should Know

The U.S. Department of the Treasury, through the Veterans Insurance Fund, distributes a portion of the proceeds from a life insurance policy to a specified purpose. The amount you can receive depends upon many factors. Refer to your policy manual to find out the amount. VA Form 902 — Claim for One Sum Payment of Government Life Insurance If the beneficiary is a minor or incompetent, the person having custody of the beneficiary should complete the form and give his or her address in Item 8A. Beneficiary of a government life insurance policy can receive benefits from that policy if the annuitant dies on or after December 31, 2017. The beneficiary is required to provide a Social Security number (SSN). What's the difference between a survivor annuity and a survivor allowance? You are entitled to benefits from a survivor annuity and benefits from a survivor allowance if the annuitant dies on or after December 31, 2017. Benefits from a survivor allowance are paid without regard to the death of the annuitant. To qualify as a survivor annuitant, an individual must: Be a U.S. national or an eligible alien (including a noncitizen who is a U.S. national or eligible alien and has been physically present in the US for 5 years prior to death for at least 5 years after the date of the annuitant's death); Have a death annuity on which his deceased spouse or partner made an election at age 65 (or earlier if in the military or in active duty for at least 5 years) to receive a survivor annuity on his death (or, in the case of an eligible alien who is an eligible alien, in his death), and: The survivor annuity will continue for a minimum period equal to the number of years you lived with the deceased spouse or partner; and You must file an annual statement to establish your eligibility for benefits. VA Form 902 — Surviving Spouse's Annuity and Surviving SES Annuity The survivor annuity and survivor allowance provided to surviving spouse and children of service members are also made payable to a surviving SES annuitant. For more information about which SES annuitants can take benefits from government life insurance policies, refer to the Social Security Administration's website. How to update your direct deposit information online for disability compensation, pension, or education benefits. Note: An account can be transferred only from one company to another.

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