Annuity Buzz
Please review this recent compliance alert.
Michigan: House Bill 4508, Suitability of Individual Annuity Sales Recommendations
Rick Headley and Rebecca Mattingly have joined our Annuities administration leadership team, and Brittany Bobbitt takes on a new role as director of Individual Annuities administration.
Learn the why behind disbursement Form 5031, to help a client withdraw funds from an annuity contract, and how we make it easy to complete.
Businesses of all kinds are delivering and signing documents online — and realizing the many benefits. That’s why we’re now providing online delivery of annuity contracts through DocuSign.
The IRS requires The Standard to file Form 1099-R by Jan. 31 of the year after a taxable distribution. Your clients should receive their 1099-R forms, which report distributions from annuities, no later than the second week in February.
We’re no longer providing or requiring two of our forms to be given to the client at the time of application; form 7127, the Minnesota Insurance Guaranty Association notice, and the accompanying form 4421, the Minnesota Insurance Guaranty Association notice delivery receipt.
We’re mailing RMD notifications by the end of January. See which owners will get this information.
We are pleased to announce we will be implementing electronic contract delivery through DocuSign. Please review these instructions to ensure a smooth DocuSign experience.
Avoid process delays by making sure an application is 100% complete. It often comes down to three little boxes.