Annuity Withdrawal Request National Life Group Form
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People also ask
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What is refund in life insurance?
Share. An insurance refund refers to when the insurance company returns a part of the premium paid by the policyholder, usually due to the cancellation of the policy before its expiration date, overpayment of premiums, or adjustments made to the policy terms.
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Can I withdraw my money from National Life Group?
Yes you can. You may have access to policy cash value through either a withdrawal or as a loan from the insurance company using the policy as collateral. If you take a withdrawal, your policy values will immediately be reduced by the withdrawal amount.
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Can I withdraw my money from National Life Group?
Yes you can. You may have access to policy cash value through either a withdrawal or as a loan from the insurance company using the policy as collateral. If you take a withdrawal, your policy values will immediately be reduced by the withdrawal amount.
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Can I get a refund if I cancel my life insurance policy?
Unless you're canceling a policy during a free-look period, your premium won't be refunded if you cancel your life insurance policy. There are a few instances where you may see some money returned. For example, you may receive your accumulated cash value if you cancel a permanent policy, minus any taxes and fees.
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Is the National Life Group the same as life of the Southwest?
National Life Group® is a trade name of National Life Insurance Company, Montpelier, VT – founded in 1848, Life Insurance Company of the Southwest, Addison, TX – chartered in 1955, and their affiliates.
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How do I contact the National Life Group annuity?
If you have any questions, please email us at service@nationallife.com or give us a call at 1-800-732-8939.
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How do I close my National Life Group account?
If you wish to delete your online account, you may do so by calling us at 1-800-732-8939 or emailing us at LifeCustomerService@nationallife.com (life customers) or service@nationallife.com (annuity customers).
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What is the refund policy for National Life Group?
Refunds: Any premium received must be held for 15 days from the day the money was applied to the policy to ensure it has cleared the owners' bank account before refunding. Once the refund is able to take place, a paper check will be sent in the mail to the owner of the policy.
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