Special Dividend Rumor
The "Special Dividend" is a False Rumor
Rumors that Congress
approved a "Special Dividend" for veterans who do or do
not have Government life insurance have been spread for over 30 years.
These rumors are false. The only dividends
being paid by VA are on active Government life insurance policies.
Dividends on active policies have been paid annually for many years
and policyholders do not need to apply for them. "Special Dividend"
rumors are spread by well-meaning people who want to help veterans
but fail to check out their sources before passing the information
along to others. Notices such as the sample shown below have appeared
in veterans' magazines, union newspapers, fraternal publications,
newspapers and every other publication imaginable. The hoax has appeared
in many forms and seems to change to fit the times. It started in
the 1960's as a rumor about veterans with WW II insurance. More recently,
it has been adapted to state that a dividend is being paid on Servicemembers'
Group Life Insurance (SGLI) or Veterans' Group Life Insurance (VGLI)
coverage. VA has done everything possible to stamp out the rumor but it still persists.
You can help by returning the false information you received to its source and
telling whoever gave it to you that you know for certain there is
no such dividend. If you have any questions about this hoax, or
any other matter related to veterans issues please don't hesitate
to contact us.
Sample Dividend Hoax Notice
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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:
NAME:__________________________________
ADDRESS:_______________________________
DATE OF ENTRY INTO ACTIVE SERVICE:_______
DATE OF DISCHARGE:______________________
SGLI NO. (If Known):________________________
BRANCH OF SERVICE:______________________
SERVICE NUMBER:_________________________
DATE OF BIRTH:__________________________
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