When to file Va 29-336 Form

When to file Va 29-336 Form: What You Should Know

The optional settlement is  selected by the beneficiary at the time of filing the form. (See Filing the Form 29-336: Benefits by the Trust, and Benefits by the Beneficiary below.) If the beneficiary  declines to select an optional settlement (called withdrawal of benefits, or withdrawal or discontinuance), the policy may continue in effect until the beneficiary has filed and approved  the optional settlement, and only then will the policy cancel. It may be very difficult to make an insurance policy a success  if the beneficiary is refused any settlement. If you know that at any point (including at the time you file the Form 29-336) you are  likely to be named as a beneficiary of the policy, you should select the optional settlement that is favorable to you. You should also consider  whether to continue to pay your deductible insurance (your premium) by the number of months remaining on your policy. You should choose a  settlement that offers you the highest value and most flexibility during your current term of insurance. Note: If you choose a settlement for which you are entitled to the benefits of the insurance policy, you could lose the benefits after your term has ended. If you decide that you need to stop the policy after an additional period, you should complete “Designation Of Beneficiary” at the top of the Form 29-336. Do not file the form at any later time. (Do not wait to file unless you want to have multiple choices.) To make your payment by any bank or postal account for the beneficiary, you may use Form 1099-MISC, Monthly Interest and Principal Payment. DO NOT FILE FOR INSURANCE DUE TO A CLAIM YOU HAVE NOT RECEIVED. DO NOT FILE UNLESS YOU WANT TO HAVE MORE CHOICES.  DO NOT FILE UNLESS YOU WANT TO RETURN TO THE INSURANCE PLAN. DO NOT FILE UNLESS YOU WANT TO CHANGE THE CONTENT OF THE INSURANCE PLAN TO HELP YOU GET BENEFITS. DO NOT FILE UNLESS YOU ARE FORCED TO FILE.  RETIREMENT AND RE-SEXUALLY RETIREMENT — The following provisions shall apply if the Veteran is age 60 or older.

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