Common use of Rollover of Military Death Benefits Clause in Contracts

Rollover of Military Death Benefits. If you receive or have received a military death gratuity or a payment from the Servicemembers’ Group Life Insurance (SGLI) program, you may be able to roll over the proceeds to your Xxxx XXX. The rollover contribution amount is limited to the sum of the death benefits or SGLI payment received, less any such amount that was rolled over to a Xxxxxxxxx education savings account. Proceeds must be rolled over within one year of receipt of the gratuity or SGLI payment for deaths occurring on or after June 17, 2008. Any amount that is rolled over under this provision is considered nontaxable basis in your Xxxx XXX.

Rollover of Military Death Benefits. If you receive a designated beneficiary receives or have has received a military death gratuity or a payment from the Servicemembers’ Group Life Insurance (SGLI) program, you the designated beneficiary may be able to roll over the proceeds to your Xxxx XXXthe Xxxxxxxxx ESA. The rollover contribution amount is limited to the sum of the death benefits or SGLI payment received, less any such amount that was rolled over to a Xxxxxxxxx education savings accountXxxx XXX. Proceeds must be rolled over within one year of receipt of the gratuity or SGLI payment for deaths occurring on or after June 17, 2008. Any amount that is rolled over under this provision is considered nontaxable basis in your Xxxx XXXthe Xxxxxxxxx ESA.

Rollover of Military Death Benefits. If you receive or have received a military death gratuity or a payment from the Servicemembers’ Group Life Insurance (SGLI) program, you may be able to roll over the proceeds to your Xxxx XXX. The rollover contribution amount is limited to the sum of the death benefits or SGLI payment received, less any such amount that was rolled over to a Xxxxxxxxx education savings account. Proceeds must be rolled over within one year of receipt of the gratuity or SGLI payment for deaths occurring on or after June 17, 2008. For deaths occurring between October 7, 2001 and June 17, 2008, proceeds may be rolled over no later than one year from June 17, 2008. Any amount that is rolled over under this provision is considered nontaxable basis in your Xxxx XXX.

Rollover of Military Death Benefits. If you receive or have received a military death gratuity or a payment from the Servicemembers’ Group Life Insurance (SGLI) program, you may be able to roll over the proceeds to your Xxxx XXX. The rollover contribution amount is limited to the sum of the death benefits or SGLI payment received, less any such amount that was rolled over to a Xxxxxxxxx education savings accountEducation Savings Account. Proceeds must be rolled over within one year of receipt of the gratuity or SGLI payment for deaths occurring on or after June 17, 2008. For deaths occurring between October 7, 2001 and June 17, 2008, proceeds may be rolled over no later than one year from June 17, 2008. Any amount that is rolled over under this provision is considered nontaxable basis in your Xxxx XXX.