Services For Quicker Premium Payments

We have four ways to help you get those initial premiums submitted faster. Utilize this special service for initial premium payments for quarterly, semi-annual and annual premium modes on newly issued cases.

1. Call in initial payment (Life and Annuity)

Parameters:

For newly issued cases, utilize this service for initial premium payments.

  • Applies to newly issued policies.
  • Only available for initial premiums for quarterly, semi-annual and annual premium modes.
  • Available for monthly Electronic Funds Transfer (EFT) mode if client did not elect to draft the initial premium.
  • Applies to individual policy owners and individual depositor.
  • Calls will only be accepted until 4:45 pm ET and are recorded. Payments received after 4:00 pm ET will be posted the following business day.
  • This service does not allow for the establishment of an EFT account.

Instructions:
Policy owner and depositor (if different) must be on the call together to authorize the premium draft.
Call the Contact Center at 1-800-906-3310
Provide Required Information:

Policy Number
Initial Premium amount
Bank routing number
Checking or savings account number

2.  Wire Instructions (Life and Annuity)

  • JPMorgan Chase
  • NY NY
  • ABA No: 021000021
  • Acct. Name: National Life
  • Acct. Nos. Life Business use Acct. No. 323115888, Annuity Business use Acct. No. 08805011770
  • Reference policy number and/or proposed insured’s name

3.  Submit a Completed Copy of a Check
for the Initial Premium (Life only)

  • Send a copy of a check via e-mail to the PremAccounting&GroupBill@NationalLife.com mailbox with a request to process the payment via the copy of the check.
  • Banking information from the copy of the check will be utilized to draft the initial premium due from the checking account; the account will be debited within 48 hours.
  • We do not want the live check submitted; this will result in double payment.
    Exclusions:

    • Money Orders
    • Cashier’s Checks
    • Amounts exceeding $999,999 (please send ACH or Wire)
    • Subsequent premium payments An email will be sent to the agent advising that the payment was received and processed.

4.  Submit an Initial Premium via Lock Box (Annuity only)

    • For all business except California group business, please submit the initial premium check along with the premium notice to:
      National Life
      PO Box 121109, Dept 1109
      Dallas, TX 75312-1109
    • For California group business, please submit the initial premium check along with the premium notice to:

National Life
Dept LA 21527
Pasadena, CA 91185

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