Use List Bill to Receive One Premium Notice for Multiple Policies

List Bill, also known as Group Bill, is a way for a payor to receive one premium notice for multiple policies, instead of several individual notices.  When List Bill is established, the grouping of policies are referenced under a single bill number.

 

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[bs_citem title=”1. How can I set up a list bill/group for my life insurance products?” id=”citem_a15d-95e2″ parent=”collapse_a1b9-bb72″]

Simplified Billing Application Form 0895

The completed Simplified Billing Application form can be sent to the group email box at GroupBill-Life@nationallife.com. If the form is completed correctly a group number will be provided within 24 hours.

For questions regarding list bills for LSW annuity products, please contact billing@nationallife.com.

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[bs_citem title=”2. How do I complete the E-App for List Bill Group?” id=”citem_42c2-4be8″ parent=”collapse_a1b9-bb72″]
Click here for instructions.

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[bs_citem title=”3. What is the minimum number of policies to be on a group?” id=”citem_37b5-2d2f” parent=”collapse_a1b9-bb72″]
Two is the minimum.

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[bs_citem title=”4. What is the maximum number of policies to be on a group?” id=”citem_741b-5251″ parent=”collapse_a1b9-bb72″]
100 is the maximum.

If you have the opportunity for a large group, and want more help, please contact Advanced Markets.

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[bs_citem title=”5. Can you be on automatic draft payments (also known as EFT – electronic funds transfer) and be on a group list bill?” id=”citem_bfb4-3867″ parent=”collapse_a1b9-bb72″]

Payors can elect EITHER automatic draft (EFT) or list bill. At this time, it is not possible to receive a paper bill (list bill) from us and have automatic drafts. If the employer prefers EFT, and the policies are currently on group, they would need to be removed from the group and added to EFT. The employer would not receive any invoice notices.

If electing EFT, check the box to elect one total draft.

 

An officer of the company can sign the form and a list of the policies can be attached to the form. The list should make note that this is an employer-employee group and mention if this is also payroll deduction.

The completed 1707 EFT form can be sent to the EFT email box at EFTteam@nationallife.com.

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[bs_citem title=”6. How are initial premiums paid?” id=”citem_da74-78b6″ parent=”collapse_a1b9-bb72″]

Agent must collect initial premium(s) and can request an Initial Payment Invoice by emailing the group at GroupBill-Life@nationallife.com. A bill will not generate until the first payment is received.

The agent can collect initial premium and mail to:
1 National Life Drive
Montpelier, VT 05604

Wire or ACH to:

JPMorgan Chase – 270 Park Avenue, New York, NY 10017
• Account Name: NL EFT Premium Account
• Account Number: 323115888
• Routing/ABA No: 021000021

Always include the group number and group name.

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[bs_citem title=”7. How are recurring premiums paid?” id=”citem_39fe-806c” parent=”collapse_a1b9-bb72″]
After the initial premium has been paid on each policy, that individual policy will be included on your group’s list bill. The list bill will include remittance instructions to remit to an address in Pennsylvania, please follow remittance instructions on your bill or:

Mail to:
1 National Life Drive
Montpelier, VT 05604

Wire or ACH to:

JPMorgan Chase – 270 Park Avenue, New York, NY 10017
• Account Name: NL EFT Premium Account
• Account Number: 323115888
• Routing/ABA No: 021000021

Always include the group number and group name.

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[bs_citem title=”8. Can you make group payments on the web portal or by using our automated payment system when calling our toll-free number 1-800-732-8939?” id=”citem_b05d-33e7″ parent=”collapse_a1b9-bb72″]
Group payments are not supported on these systems.
For special service requests please contact GroupBill-Life@nationallife.com

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[bs_citem title=”9. How can a client make a group payment?” id=”citem_a33a-dfaa” parent=”collapse_a1b9-bb72″]
Check, Wire, ACH and Home Banking (also known as “bill pay” through the customer’s bank account).

Mail to:
1 National Life Drive
Montpelier, VT 05604

Wire or ACH to:

JPMorgan Chase – 270 Park Avenue, New York, NY 10017
• Account Name: NL EFT Premium Account
• Account Number: 323115888
• Routing/ABA No: 021000021

Always include the group number and group name.

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[bs_citem title=”10. How do you process payroll deduction?” id=”citem_078b-9480″ parent=”collapse_a1b9-bb72″]
For employers wishing to remit payment on behalf of their employees, we send a list bill to the group (as submitted in the Simplified Billing Application). The employer would manage the payroll deduction and remit to NL on a monthly, quarterly, semi-annual, or annual basis.

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