Step 1: Click on the button to get the paperwork for National Life Group.
Complete Section 1.
In Section 2, select the correct box on the Guaranteed Life Income Payments option.
In Section 3, select when you would like your payments to begin and how often you would like to receive them. Fill in your banking information if you would like the funds directly deposited to your bank account.
In Section 4, mark the qualifying event, usually reaching the age of 59 ½ or being separated from service.
In Section 5, select Single Life Level to receive the benefit for yourself or Joint Level Life to receive the benefit for you and your spouse.
If you have questions about the difference in the amounts, please contact the company because they will need to calculate it for you.
You will need to include a copy of your driver’s license and a voided check for direct deposit.
In Section 6, they will withhold 20% for a 403(b) account. They will withhold 10% for an IRA or non-qualified account, but you may opt out.
In Section 9, you and your spouse 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 income.