Special GI insurance dividend for veterans-Fiction!
Special GI Insurance Dividend for Veterans–Fiction!
Summary of eRumor:
The claim is that U.S. military veterans are eligible for a special insurance dividend passed by Congress. You will not receive it unless you ask for it. You are given a form to fill out and to send to an address in Philadelphia. The eRumor outlines how much will be paid for various terms of service in the military.
According to the Veteran’s Administration, this is a false rumor that has been circulating in various forms since the 1960’s.
The eRumor claims that Congress has passed legislation giving both current and former military personnel a dividend on GI insurance. It outlines how much can be received for various years of military service…but specifies that if you don’t apply for it, you won’t get it.
The VA says there is no such legislation and that the only dividends being paid are in response to active government life insurance policies.
It does not appear to be a scam originated by crooks. The VA calls it something that “well meaning” people have circulated in trying to help military veterans. The eRumor does not ask for money but urges veterans to send a form to a post office box in Philadelphia that is an authentic Veterans Administration address.
The VA says the original rumor that started in the 60’s made the same claim except that it applied to World War II veterans and their families.
CLICK HERE for more info from the Veterans Administration.
A real example of the eRumor as it has appeared on the Internet:
To all Veterans and Families of Veterans
If you are a veteran, or if any of your relatives fall under that category, you may be interested in the following information. A bill was recently passed by Congress entitling veterans to a dividend on the GI Insurance they had while in the service. Both current and former military personnel are entitled to this dividend regardless. If you are a veteran, or if any of your relatives fall under that category, you may be interested in the of whether or not they still carry the insurance. If you are eligible, you WILL NOT receive the dividend unless YOU ASK for it! The Veterans Administration will review each individual case and determine eligibility. A general schedule of dividends earned is as follows:
2 YEARS OF SERVICE: $261.00
3 YEARS OF SERVICE: $391.04
4 YEARS OF SERVICE: $528.00
To apply for the dividend, write to the VETERANS CENTER, P.O. BOX 8079, PHILADELPHIA, PA 19101. REMEMBER: THE VETERANS ADMINISTRATION WILL NOT AUTOMATICALLY SEND YOU THE DIVIDEND. YOU MUST APPLY FOR IT. Complete the form below
In accordance with the bill recently passed by Congress, I am applying for the “SGLI” insurance dividend based on my prior military service. The specifies of my service are as follows:
DATE OF ENTRY INTO ACTIVE SERVICE:_______
DATE OF DISCHARGE:______________________
SGLI NO. (If Known):________________________
BRANCH OF SERVICE:______________________