Agency Information Collection Activity Under OMB Review: Application by Insured Terminally Ill Person for Accelerated Benefit, 61400 [2021-24223]
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61400
Federal Register / Vol. 86, No. 212 / Friday, November 5, 2021 / Notices
person, including corporations,
partnerships, individuals, estates, and
trusts, who is required to file 250 or
more information returns must file such
returns magnetically or electronically.
Payers required to file on magnetic
media or electronically must complete
Form 4419 to receive authorization to
file.
Current Actions: There is no change to
the form that would affect burden. The
information collection is being
submitted to renew the collection and
correct a mathematical error in the
former submissions burden
computation.
Type of Review: Revision of a
currently approved collection.
Affected Public: Business or other forprofit organizations, non-profit
institutions, and Federal, State, local, or
tribal governments.
Estimated Number of Respondents:
15,000.
Estimated Time per Respondent: 20
minutes.
Estimated Total Annual Burden
Hours: 4,950.
The following paragraph applies to all
the collections of information covered
by this notice.
An agency may not conduct or
sponsor, and a person is not required to
respond to, a collection of information
unless the collection of information
displays a valid OMB control number.
Books or records relating to a collection
of information must be retained if their
contents may become material in the
administration of any internal revenue
law. Generally, tax returns and tax
return information are confidential, as
required by 26 U.S.C. 6103.
Request for Comments: Comments
submitted in response to this notice will
be summarized and/or included in the
request for OMB approval. All
comments will become a matter of
public record. Comments are invited on:
(a) Whether the collection of
information is necessary for the proper
performance of the functions of the
agency, including whether the
information shall have practical utility;
(b) the accuracy of the agency’s estimate
of the burden of the collection of
information; (c) ways to enhance the
quality, utility, and clarity of the
information to be collected; (d) ways to
minimize the burden of the collection of
information on respondents, including
through the use of automated collection
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techniques or other forms of information
technology; and (e) estimates of capital
or start-up costs and costs of operation,
maintenance, and purchase of services
to provide information.
Approved: November 2, 2021.
Kerry L. Dennis,
Tax Analyst.
[FR Doc. 2021–24242 Filed 11–4–21; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF VETERANS
AFFAIRS
[OMB Control No. 2900–0618]
Agency Information Collection Activity
Under OMB Review: Application by
Insured Terminally Ill Person for
Accelerated Benefit
Veterans Benefits
Administration, Department of Veterans
Affairs.
ACTION: Notice.
AGENCY:
In compliance with the
Paperwork Reduction Act (PRA) of
1995, this notice announces that the
Veterans Benefits Administration
(VBA), Department of Veterans Affairs,
will submit the collection of
information abstracted below to the
Office of Management and Budget
(OMB) for review and comment. The
PRA submission describes the nature of
the information collection and its
expected cost and burden and it
includes the actual data collection
instrument.
SUMMARY:
Written comments and
recommendations for the proposed
information collection should be sent
within 30 days of publication of this
notice to www.reginfo.gov/public/do/
PRAMain. Find this particular
information collection by selecting
‘‘Currently under 30-day Review—Open
for Public Comments’’ or by using the
search function. Refer to ‘‘OMB Control
No. 2900–0618’’.
FOR FURTHER INFORMATION CONTACT:
Maribel Aponte, Office of Enterprise
and Integration, Data Governance
Analytics (008), 1717 H Street NW,
Washington, DC 20006, (202) 266–4688
or email maribel.aponte@va.gov. Please
refer to ‘‘OMB Control No. 2900–0618’’
in any correspondence.
SUPPLEMENTARY INFORMATION:
DATES:
PO 00000
Frm 00288
Fmt 4703
Sfmt 9990
Authority: Public Law 104–13; 44
U.S.C. 3501–3521.
Title: Application by Insured
Terminally Ill Person for Accelerated
Benefit, SGLV 8284.
OMB Control Number: 2900–0618.
Type of Review: Extension of a
currently approved collection.
Abstract: VA has amended regulations
for the Servicemembers’ Group Life
Insurance (SGLI) and Veterans’ Group
Life Insurance (VGLI) programs to add
accelerated death benefit (Accelerated
Benefit) provisions that permit
terminally ill policyholders access to
the death benefits of their policies
before they die. Traditionally, an
individual purchases life insurance in
order to safeguard his or her dependents
against major financial loss due to his or
her death. Life insurance serves to
replace the lost income of an insured
and to provide for his or her final
expenses. In recent years, the insurance
industry has recognized the financial
needs of terminally ill policyholders
and has begun offering policies with
accelerated benefit provisions. A recent
statutory amendment (Section 302 of the
Veterans Programs Enhancement Act of
1998, Pub. L. 105–368, 112 Stat. 3315,
3332–3333) added section 1980 to Title
38, United States Code, which extends
and accelerated benefit option to
terminally ill persons insured in the
SGLI and VGLI programs.
An agency may not conduct or
sponsor, and a person is not required to
respond to a collection of information
unless it displays a currently valid OMB
control number. The Federal Register
Notice with a 60-day comment period
soliciting comments on this collection
of information was published at 86 FR
161 on August 24, 2021, pages 47374
and 47375.
Affected Public: Individuals or
Households.
Estimated Annual Burden: 40 hours.
Estimated Average Burden per
Respondent: 12 minutes.
Frequency of Response: Once.
Estimated Number of Respondents:
200.
By direction of the Secretary.
Maribel Aponte,
VA PRA Clearance Officer, Office of
Enterprise and Integration, Data Governance
Analytics, Department of Veterans Affairs.
[FR Doc. 2021–24223 Filed 11–4–21; 8:45 am]
BILLING CODE 8320–01–P
E:\FR\FM\05NON1.SGM
05NON1
]]>Agencies
[Federal Register Volume 86, Number 212 (Friday, November 5, 2021)]
[Notices]
[Page 61400]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-24223]
=======================================================================
-----------------------------------------------------------------------
DEPARTMENT OF VETERANS AFFAIRS
[OMB Control No. 2900-0618]
Agency Information Collection Activity Under OMB Review:
Application by Insured Terminally Ill Person for Accelerated Benefit
AGENCY: Veterans Benefits Administration, Department of Veterans
Affairs.
ACTION: Notice.
-----------------------------------------------------------------------
SUMMARY: In compliance with the Paperwork Reduction Act (PRA) of 1995,
this notice announces that the Veterans Benefits Administration (VBA),
Department of Veterans Affairs, will submit the collection of
information abstracted below to the Office of Management and Budget
(OMB) for review and comment. The PRA submission describes the nature
of the information collection and its expected cost and burden and it
includes the actual data collection instrument.
DATES: Written comments and recommendations for the proposed
information collection should be sent within 30 days of publication of
this notice to www.reginfo.gov/public/do/PRAMain. Find this particular
information collection by selecting ``Currently under 30-day Review--
Open for Public Comments'' or by using the search function. Refer to
``OMB Control No. 2900-0618''.
FOR FURTHER INFORMATION CONTACT: Maribel Aponte, Office of Enterprise
and Integration, Data Governance Analytics (008), 1717 H Street NW,
Washington, DC 20006, (202) 266-4688 or email [email protected].
Please refer to ``OMB Control No. 2900-0618'' in any correspondence.
SUPPLEMENTARY INFORMATION:
Authority: Public Law 104-13; 44 U.S.C. 3501-3521.
Title: Application by Insured Terminally Ill Person for Accelerated
Benefit, SGLV 8284.
OMB Control Number: 2900-0618.
Type of Review: Extension of a currently approved collection.
Abstract: VA has amended regulations for the Servicemembers' Group
Life Insurance (SGLI) and Veterans' Group Life Insurance (VGLI)
programs to add accelerated death benefit (Accelerated Benefit)
provisions that permit terminally ill policyholders access to the death
benefits of their policies before they die. Traditionally, an
individual purchases life insurance in order to safeguard his or her
dependents against major financial loss due to his or her death. Life
insurance serves to replace the lost income of an insured and to
provide for his or her final expenses. In recent years, the insurance
industry has recognized the financial needs of terminally ill
policyholders and has begun offering policies with accelerated benefit
provisions. A recent statutory amendment (Section 302 of the Veterans
Programs Enhancement Act of 1998, Pub. L. 105-368, 112 Stat. 3315,
3332-3333) added section 1980 to Title 38, United States Code, which
extends and accelerated benefit option to terminally ill persons
insured in the SGLI and VGLI programs.
An agency may not conduct or sponsor, and a person is not required
to respond to a collection of information unless it displays a
currently valid OMB control number. The Federal Register Notice with a
60-day comment period soliciting comments on this collection of
information was published at 86 FR 161 on August 24, 2021, pages 47374
and 47375.
Affected Public: Individuals or Households.
Estimated Annual Burden: 40 hours.
Estimated Average Burden per Respondent: 12 minutes.
Frequency of Response: Once.
Estimated Number of Respondents: 200.
By direction of the Secretary.
Maribel Aponte,
VA PRA Clearance Officer, Office of Enterprise and Integration, Data
Governance Analytics, Department of Veterans Affairs.
[FR Doc. 2021-24223 Filed 11-4-21; 8:45 am]
BILLING CODE 8320-01-P
