Which form must a veteran fill out for VA life insurance?

The correct form for veterans to fill out for VA life insurance is VA Form SGLV 8286. This form specifically pertains to the Servicemembers' Group Life Insurance (SGLI) program, which provides low-cost life insurance protection for active duty members of the military and certain veterans.

It is designed to outline the veteran's coverage preferences, including the amount of insurance they wish to carry and the designation of beneficiaries. The form ensures that veterans can customize their insurance coverage and understand their options regarding life insurance benefits offered by the Department of Veterans Affairs.

The other forms mentioned serve different purposes. VA Form 21-526 is used to apply for disability compensation or pension; VA Form 5500 is related to retirement plans; and VA Form 21-4138 is a statement in support of a claim. Each of these other forms does not pertain specifically to life insurance, which clarifies why VA Form SGLV 8286 is the appropriate choice for this context.