Updates From Admin

2021 Tax Forms Going Out Soon

Clients who took a distribution in 2021 will receive their IRS Form 1099-R no later than the second week in February.

USPS Delivery Changes

The USPS recently changed their delivery service standards for First-Class Mail and Periodicals. Transit times have changed from all addresses having 1-3 delivery days, to being based on distance between origin and destination with a maximum of 5 delivery days.

Coming Soon -- RMD Notifications

It’s time for our annual reminder that we’ll be mailing required minimum distribution notifications by the end of January. We’ll notify owners of qualified deferred annuity contracts who will turn 72 in 2022 or are already of RMD age.

Newsflash: New EFT Form

We’ve updated our Request to Initiate/Change EFT of Annuity Payment form 11426. You’ll see new options to accommodate financial institutions and accept supporting documentation.

Fast and Efficient – Use DocuSign to Deliver Contracts

Still waiting to experience the benefits of DocuSign? Delivering annuity contracts online is an efficient way to ensure clients have reviewed and signed documents on time. Read more about DocuSign and get the FAQ.

Year-End Dates and Deadlines

The 2021 holiday season is quickly approaching. To meet your clients’ service expectations during this busy time, please put some important dates in your calendar.

Check In With Clients Now About RMDs

We’re heading toward the end of the year — and the usual deadline for annual required minimum distributions from qualified policies for annuitants who are 72 and older. Take this opportunity to check in with your clients.

Ready to Send? Check the Chart First

We’re dedicated to processing your new business applications and checks promptly. Check this chart to make sure you have our correct mailing addresses. Sending your information to the correct address will help us ensure timely delivery of your new cases.

Newsflash – Now It’s Even Easier to Reach Our Call Center

Good news! We’ve extended our Annuity Services call center hours. Now you can reach us from 5 a.m. to 5 p.m. Pacific time, Monday through Friday.

Form 5498s Delayed for 2021

For IRAs with reportable contributions for the previous tax year, the Internal Revenue Service requires us to file Form 5498. The deadline for 2021 was once again delayed due to the COVID-19 pandemic. The Standard mailed these forms to policyholders on or before June 30, 2021.