Annuity Buzz

Downloadable 1099 forms are just one of many new features on the Annuity Portal. See how we’re making it even easier and faster to do business with us.

Clients who took a distribution in 2022 will receive their IRS Form 1099-R in the mail no later than February 15.

Please review this recent compliance alert: Regulation 3 AAC 23.208(9)+, Suitability of Individual Annuity Sales Recommendations.

Please review this recent compliance alert: House Bill 2111 and Senate Bill 3079, Suitability of Individual Annuity Sales Recommendations.

Please review this recent compliance alert: House Bill 4394 and Senate Bill 4108, Suitability of Individual Annuity Sales Recommendations.

Please review this recent compliance alert: Rule 11 NCAC 12.0462, Suitability of Individual Annuity Sales Recommendations.

Here are two things to expect in January – resolutions and RMD notifications. We’ll take care of the latter (and leave the resolution-making to you).

The holiday season and end of 2022 are quickly approaching. To meet your clients’ service expectations during this busy time, please put these important dates in your calendar.

To avoid delays when submitting new annuity applications, be sure to check your state requirements in our NAIC Suitability by State chart — and complete your required trainings. Many states are adopting the 2020 Best Interest Standard for suitability in annuity transactions which has additional training requirements.

Markets were volatile in the third quarter as investors tried to guess how the Fed would act to address inflation. While the current choppiness may continue in the near future, we still believe in the market over the long run.