Step 1: Click on the button to get the paperwork for National Life Group.
Complete Section 1.
In Section 2, select Partial Withdrawal and indicate amount or Full Surrender if you would like to withdraw the funds and close the account.
In Section 3, fill in your banking information if you would like the funds directly deposited to your bank account.
Section 4a, select the reason, usually reaching the age of 59 ½ or being separated from service.
In Section 5, you will need to make a selection for tax withholding. They will automatically withhold 20% for a 403(b) account. A withholding of 10% for an IRA is standard, but you may opt out.
In Section 8, you and your spouse, if applicable, must 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 withdrawal.