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Veterans Authority

Are VGLI proceeds taxable?

All VGLI proceeds are tax exempt. Any installment interest or delayed settlement interest that a beneficiary receives in addition to the proceeds is also tax exempt and does not need to be reported to the IRS.

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How do you change your Beneficiary Designation?

A previous designation can be changed or cancelled at any time by completing and submitting a new form SGLV 8286. It is effective from the date it is received. If a married service member names a beneficiary who is not a spouse or child, a notification about this change will …

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Escrow account for taxes and insurance

My lender has increased my payments into the escrow account for taxes and insurance. What can I do? Or the amount my lender is collecting for taxes and insurance doesn’t seem right? What can I do? VA does NOT require lenders to maintain escrow accounts. VA does require that lenders …

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Where can I access SGLI family coverage forms?

You can access SGLI family coverage forms by clicking on this link: SGLV-8286A, Family Coverage Election If you are in the Navy, you no longer need to use the SGLV 8286A to make Family SGLI elections! You can now manage your Servicemembers’ Group Life Insurance (SGLI) coverage using the SGLI …

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How do you pay Premiums?

You can pay VGLI premiums directly to OSGLI through money order, check, allotment from military retirement pay, automatic deduction from VA disability compensation benefits, by using a credit or debit card on the website, or by calling OSGLI’s toll-free number. The first premium payment must be sent directly to OSGLI …

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