Annuity Buzz
Our newest annuity — the Multi-Choice Annuity — launched this month. The single-premium fixed deferred annuity offers an exciting and unique feature – clients can select from four withdrawal options to best meet their needs.
Rich Lane, Vice President of Sales and Marketing, Individual Annuities
The Multi-Choice Annuity is a single-premium deferred annuity. It offers a robust set of client-friendly features, plus a unique option where clients can select a withdrawal provision that best meets their financial needs.
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 adage that “the market climbs a wall of worry” was probably never truer than it was during this past year. After an initial sharp decline in March, the markets spent the rest of the year recovering from those losses and tacking on additional gains to boot.
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.
Start the year off by connecting with your clients and offering a beneficiary review. It's a great time to check in with current or prospective clients to ensure that their beneficiary designations match their wishes.
Rich Lane, Vice President of Sales and Marketing, Individual Annuities
A beneficiary review is good for your clients and for your business. Take a minute to review our list of questions to ask. These can help you initiate a more detailed annuity review and position yourself as a trusted advisor.
By Rich Lane, Vice President of Sales and Marketing. Reprinted with permission from original source Advisor Magazine.
By better understanding everything that has happened in 2020, you can prepare for what is likely to influence buying behavior next year.
By Cyril Tuohy, LifeAnnuitySpecialist.com. Reprinted with permission.
Lauren Canfield, a long-time actuary at The Standard, shares the transformation work she is leading.