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Show Vets Should Keep Insurance Data Up to Date An increasing number of cases are coming to light in which GI life insurance proceeds pro-ceeds must be paid to other than the veteran's immediate familv because the veteran failed to keep his beneficiary listing up to date. This was reported by VA ior the benefit of any of the 6,100,-000 6,100,-000 GI insurance policyholders who should change their bene- iiciaries in line with recent changes in family status. Marriages, divorces, births or deaths are the types of changes in family status which may indicate in-dicate needed changes in beneficiary bene-ficiary listings, VA said. In many of the recent cases coming to light, the beneficiaries benefi-ciaries of VA record were the same the veterans had named when they took out their policies poli-cies years ago, even though j they had since married and begotten be-gotten families, VA said. VA is required by law to pay GI insurance proceeds to the beneficiary of record, whether or not that beneficiary still is in any way connected withthe veteran. Changes of bene'ficiaries can be made at any time without notifying the beneficiaries, but they MUST be made in writing over the policyholder's signature signa-ture and sent to the VA office serving the policy. These changes cannot be made in a last will or testament, VA added; they must be filed by the policyholder with VA directly to ba valid under the law. Any VA office will be glad to assist GI insurance policyholders policy-holders in filing beneficiary changes. |