Any insured under SGLI may designate as Primary beneficiary or Secondary beneficiary any person, firm, corporation or legal entity (including the insured's estate), individually or as a trustee. Before naming a trust or other legal entity as beneficiary, the insured must ensure the trust or legal entity is established. Show 6.02 UPDATING SOES a. Members covered under full-time SGLI should access SOES whenever they make a beneficiary designation or change a previous designation. NOTE: When Servicemembers who previously declined coverage have their coverage automatically restored to the maximum coverage level due to either a change in duty status or during a deployment to a combat theater of operations (See 4.01), they should be advised to go into SOES to name beneficiaries. If no beneficiaries are named, payment in the event of death would be made based on the order of precedence provided for in 38 U.S.C. 1970 (See 6.06). b. Members covered under part-time SGLI should complete form SGLV 8286 whenever they make a beneficiary designation or change a previous designation. (1) Members must name a specific beneficiary. (2) If a member designates more than one primary beneficiary, the member must specify in whole percentages the share to be paid to each or select equal shares. A member may also designate a secondary beneficiary in SOES. NOTE: A secondary beneficiary is a person or persons designated to receive the insurance proceeds if the primary beneficiaries die before the insured dies. d. After updating a beneficiary in SOES, the member must confirm and certify the change in SOES in order for the designation to be valid. e. SGLI and VGLI are federal programs and operate under federal law. Under federal law, the insured has the absolute right to name and change the beneficiary at any time. State divorce decrees, separation agreements or other state or municipal court documents are not binding on the determination of a beneficiary and cannot effectively change an insured's beneficiary designation. 6.03 UNCLEAR OR UNUSUAL BENEFICIARY DESIGNATIONS
6.04 DESIGNATIONS OF BENEFICIARIES WHO ARE MINORS
6.05 DESIGNATION CHANGE OR CANCELLATION
6.06 BENEFICIARY(IES) NOT DESIGNATED
6.07 AUTOMATIC TERMINATION OF BENEFICIARY DESIGNATION
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