2023 IRA Contribution Forms Are Going Out

April 29, 2024

IRS Form 5498 will be mailed by May 31, 2024 to IRA policy owners who had reportable contributions.

Form 5498 shows contributions made during the tax year. In addition to premiums, contributions to an IRA include direct rollovers, recharacterizations and Roth IRA conversions. If there was a reportable 2023 contribution or a fair market value as of Dec. 31, 2023, the policy owner will receive a 5498 statement.

We send the statements to policy owners for recordkeeping purposes only. Policy owners do not need to include the form when they file their taxes.

If you have any questions about setting up EFT, please contact our service specialists at 800.247.6888 or send us a message.

Producer Advisories

More About Producer Advisories

Annuity Portal Refresh: Key Changes

The Annuity Portal is getting a refreshed look to support easier and faster navigation. See what’s changing and what it means for you.

Your Path to Industry Recognition

Industry recognition can help highlight your success and elevate your professional profile. Learn how we can help certify your achievements and support you along the way.

New Producer Certification Form Required for Annuity Sales

We’re introducing a new certification requirement for all annuity sales to ensure compliance and help safeguard clients. Learn what’s required and how submit the form.

1099-R Tax Forms Available by Jan. 31

Clients who took a distribution in 2025 will receive their IRS Form 1099-R by Jan. 31, 2026.

2026 RMD Notifications Coming in January

Required Minimum Distribution notifications will be mailed by the end of January 2026. See what you and your clients can expect.

DocuSign for In-Force Transactions

Starting Dec. 12, most in-force transactions can be completed through DocuSign — making processing faster, safer and paper-free.

Simplify Premium Payments

A one-time EFT offers clients a quick, seamless experience to provide their initial premium payment. Learn how to access the online form and streamline the process.

Attention Rhode Island Producers

We have an updated Rhode Island’s replacement form starting Nov. 1, 2025. See key dates and how to access the new form.

Important Year-End Deadlines and Holiday Office Closures

The holiday season is approaching, so be sure to meet our Dec. 15 deadline for year-end distributions and new business applications. Take note of office closures and key processing dates to avoid delays.

Related Products or Services

Annuities

Doing business with The Standard is good for you and your clients. Our annuities offer innovative product design, desirable rates, competitive compensation, high industry ratings and excellent service.