memorandum
to: |
VBA Publications Control Officer |
from: |
DANIEL G ELLIS, VA Life Insurance Center |
subject: |
Non-Sub Change for APPLICATION FOR CASH SURRENDER OR POLICY LOAN GOVERNMENT LIFE INSURANCE |
date: |
September 29, 2023 |
This request is being submitted to update VA Form 29-1546 to remove the option for a partial surrender. The form was also updated to remove the options for Div Credit and Div Deposit and replace it with Dividend Account for both cash surrenders and loan requests.
Please make the following changes to the 29-1546.
Page 1, item 6, delete "PARTIAL SURRENDER OF PAID UP ADDITIONS (Amount of check)$______"
Page 1, item 7, correct the spelling of NET LOAN. Change "HOLD ON DIVIDEND CREDIT" to "HOLD IN DIVIDEND".
Page 1, item 7, in the NET OPTIONS sentence, change (NETLOLI) to (NET LOAN) and add a space after NET in (NET PUA) and (NET CASH).
Page 1, in the sentence before item 8, change the number "4" to "2" because INSURANCE POLICY NUMBER is item 2 not 4.
Page 2, item 8, remove "CREDIT/DEPOSIT" from 3rd box. Add a new box that states "APPLY PART OF EXISTING DIVIDENDS ON ACCOUNT TO REDUCE THE LOAN AMOUNT: $___________"
These modifications will not change any previous calculations. Therefore, this in a non-substantial change.
Thank you
| File Type | application/vnd.openxmlformats-officedocument.wordprocessingml.document |
| File Title | Memo (Elegant design) |
| Author | ISSDWAGN |
| File Modified | 0000-00-00 |
| File Created | 2023-10-13 |