DDFORMS.ORG – DD Form 2864 – VSI Beneficiary Designation – When a service member is discharged from the military due to a medical condition, they may be eligible for Veterans’ Severance Pay (VSP) or Disability Severance Pay (DSP). In order to receive these benefits, the service member must complete and submit DD Form 2864, also known as the VSI Beneficiary Designation form. This form allows the service member to designate who will receive any remaining severance pay in the event of their death before it is fully paid out.
Designating a beneficiary on the DD Form 2864 is an important step in ensuring that your loved ones are taken care of after you have left military service. However, it can be confusing to navigate the intricacies of this process without proper guidance.
Download DD Form 2864 – VSI Beneficiary Designation
|Form Number||DD Form 2864|
|Form Title||VSI Beneficiary Designation|
|File Size||1 MB|
What is a DD Form 2864?
DD Form 2864 is a beneficiary designation form used by the United States Department of Defense (DoD). This form allows service members to designate one or more beneficiaries to receive their Voluntary Separation Incentive (VSI) payment in the event of their death. The VSI program was created to encourage service members to voluntarily separate from military service before completing their full term.
The DD Form 2864 must be completed by the service member and signed in the presence of a notary public. The designated beneficiary must also sign and date the form. The completed form should then be kept with other important paperwork, such as wills and life insurance policies, in a secure location that is easily accessible to loved ones.
It’s important for service members to update their DD Form 2864 regularly, particularly if there are changes in personal circumstances or relationships. Failure to keep this document up-to-date could result in unintended beneficiaries receiving VSI payments or delays in payments being issued altogether. By taking the time to fill out this simple form, military personnel can ensure that their loved ones receive the financial support they need during what can already be a difficult time.
Where Can I Find a DD Form 2864?
DD Form 2864 is a document that allows military service members to designate beneficiaries for their Voluntary Separation Incentive (VSI) payment. This form is an important legal document that must be completed accurately and submitted to the appropriate office. However, many people may not know where to find the DD Form 2864.
The easiest way to obtain a DD Form 2864 is through your local military installation’s Personnel Office or Finance Office. These offices will have access to all necessary forms and can provide assistance in filling them out. Additionally, the form can be found online on various official military websites, such as the Department of Defense website or the Air Force e-Publishing website.
It’s important to note that while it’s possible to find DD Form 2864 online, it’s crucial that you ensure you are downloading from an official source. Using unofficial sources may result in issues with completing and submitting the form correctly, which could cause problems down the road. Overall, finding a DD Form 2864 should not be too difficult as long as you utilize official channels for obtaining it.
DD Form 2864 – VSI Beneficiary Designation
The DD Form 2864 is a document used by military personnel to designate their beneficiaries for Voluntary Separation Incentive (VSI) benefits. VSI benefits are offered to service members who voluntarily separate from the military before reaching retirement eligibility. This form allows service members to designate who will receive their VSI payments in the event of their death.
It is important for service members to complete this form as soon as possible after separating from the military, as it ensures that their designated beneficiaries will receive any VSI payments owed to them. The form requires basic personal information about the service member, including social security number and contact information.
In addition to completing this form, it is recommended that service members consult with a financial advisor or attorney to ensure that their overall estate plan is up-to-date and aligned with their wishes. Proper planning can help ensure that loved ones are taken care of in the event of an unexpected tragedy.
DD Form 2864 Example