Final answer:
SGLV 8286 is used by U.S. service members to elect, decline, or change life insurance coverage and beneficiaries under the Servicemembers' Group Life Insurance (SGLI) program.
Step-by-step explanation:
SGLV 8286, also known as the Servicemembers' Group Life Insurance Election and Certificate, is a form used by service members in the United States to manage their life insurance coverage. This form is specifically utilized to elect, decline, or change the coverage amount and beneficiary information for Servicemembers' Group Life Insurance (SGLI). SGLI provides life insurance coverage to eligible military members and is a critical component in the financial planning for service members and their families.