Annuity Buzz
A Note From Greg Ness, Chairman, President and CEO
As the global health crisis continues to disrupt lives, communities and the economy, I am confident we’ll continue helping people when they need us the most.
We recently sent out letters about the CARES Act legislative changes affecting Required Minimum Distributions to clients that are RMD eligible. They were customized for each clients’ situation, describing the distribution options that are now available.
We’ve taken steps to ensure that doing business with us is easy. See how we can help you and your clients complete the process quickly, easily and securely. Check out our helpful guidelines for doing business with us.
We all witnessed the economic volatility during the panic phase of the COVID-19 pandemic. Future market direction will depend on news of virus containment and the governmental response. For investors with a long enough time horizon, the best action in this kind of situation has always been to stay the course.
Mark MacGillivray has been promoted to director of Financial Institutions. He’ll be working with our teams to proactively seek out new broker-dealers and banks for the Individual Annuities business line at The Standard.
When markets are shaky, clients may say they’re waiting for interest rates to rise before taking financial steps like buying an annuity. Use our Cost of Waiting approach and flyer to show how they might be missing out.
Rich Lane
Vice President of Sales and Marketing, Individual Annuities
We’re implementing some changes to our processes to make it easier for you to do business with us through the challenges of COVID-19 social distancing. Starting now through June 1, 2020, we are implementing numerous business accommodations.
We’ve updated our suitability form with a question that asks why a client wants to exchange or replace an annuity.
As the scope and complexity of the coronavirus/COVID-19 crisis deepens, The Standard is navigating the challenges with the same expertise and disciplined financial approach that has driven our success for 114 years. Read how we’re staying strong and share our flyer with your clients.
If clients are waiting for interest rates to go up before buying an annuity, they may be missing out. We’ve done the math to show that waiting may not be the smartest move.