VA Adds Online Form for Cash Surrender of Veterans' Life Insurance Policies
The Veterans Benefits Administration has proposed revising its approved paperwork for veterans who want cash from, or a loan against, their insurance policies. The change adds an electronic version of the cash surrender form, VA Form 29-1546e, so veterans can apply online. Public comments are due by January 4, 2027.
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What does it mean?
Veterans who hold a government insurance policy can ask for its cash value or borrow against it. The VA is adding a version of the cash surrender form that can be filled out online, and the public has until January 4, 2027 to comment on the proposal.
Who is affected?
Veterans who hold VA insurance policies and want to surrender them for cash or take a policy loan.
What changes?
Previously the cash surrender application existed only as a paper form (29-1546C); now an electronic version, 29-1546e, has been added.