Step 1: Click on the button to get the paperwork for National Life Group.
On page 1, fill in personal information and contract number.
In Section 1a, indicate the amount you would like to borrow. You can borrow up to 50% of the account value. If you would like to request the maximum amount, write “maximum”.
In Section 2, indicate whether you would like to pay back the loan monthly or quarterly. The loan is paid back over 5 years.
Indicate whether you would like to have the payments drafted from your bank account or pay by check.
In Section 3, fill in your banking information for direct deposit of loan and repayment.
In Section 5, sign and date.
*Please note – your spouse must also sign because Texas is a community property state.
Step 2: All transactions must be approved by the school district’s third-party administrator (TPA). The TPA is for the employer at which you were working when you set up the account.
Check the email for the name and link to your school district’s third-party administrator.
Step 3: Submit all forms to the TPA.
Step 4: Wait one week to follow up with the TPA.
When they approve your request, they will forward the paperwork to the company.
Step 5: Wait one week and follow up with National Life Group by calling 800-732-8939. You will need to contact them as they will be setting up your loan.