The Department of Veterans Affairs (VA) proposes changes to its life insurance regulations to make it easier for terminally ill service members and their families to access benefits. Typically, a terminally ill person must apply for their Accelerated Benefit, which allows them to receive part of their insurance payout early. However, the rule change would allow an alternate applicant, like someone with power of attorney, to apply if the insured person cannot do so themselves because of medical reasons. This update would also make it clear who qualifies as a dependent for insurance coverage and aligns VA's practices with industry standards.
Simple Explanation
The VA wants to change its rules to help sick soldiers and their families get their life insurance money faster by letting someone else, like a trusted friend, fill out the forms if they can't do it themselves because they're too sick.