Important Year-End Dates to Remember

November 1, 2023

The holiday season and end of 2023 are quickly approaching. To meet your clients’ service expectations during this busy time, put these important dates in your calendar. 

Our offices will be closed on: 

  • Nov. 23 and 24
  • Dec. 25 and 26
  • Jan. 1, 2024 

Distributions 

We must receive distribution requests by Dec. 11 in good order and without any additional requirements, to be processed by Dec. 31, 2023. For incomplete requests or requests received after Dec. 11, we’ll strive to complete them by December 31, but can’t guarantee it. 

New Business 

We must receive all new business requirements by Dec. 11 for contracts to issue by Dec. 31, 2023. This includes:

  • Complete deferred and immediate annuity applications, including premium and without additional requirements.
  • Any pending requirements to complete an existing deferred or immediate annuity application. 

Have Questions?

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

More About Producer Advisories
Have clients in another state or looking to expand your book of business? We’re implementing a new cross-border sales policy. Check out the ins-and-outs and do’s-and-don’ts of the new policy and forms before you get down to business.
It’s time to send out the 2023 IRS Form 5498 for IRA Contributions. Be sure to notify your clients who should expect them and find out the dates we’re sending them out.
Many clients count on receiving their annuity payments on specific dates so they can pay bills and meet day-to-day living costs. Electronic Funds Transfer is the best way to ensure payments on time, every time.
Please review this recent compliance alert: New Hampshire INS 305, Suitability of Individual Annuity Sales Recommendations.
We’re always looking to improve the customer experience. Thanks to your feedback, we’re rolling out new options for annual interest payments. See how these new features work.
We mailed IRS Form 1099-R in February to clients who took a distribution last year. You can view and download 2023 and prior year tax forms on the Annuity Portal.
Required Minimum Distribution notifications were mailed out at the end of January. Here’s the rundown on who we sent them to and what to expect.

Related Products or Services

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.