Annuity Buzz

The annual income taxes on a Certificate of Deposit (CD) can take a big bite out of your hard-earned savings. If your clients use CDs to regularly access money, consider a tax-deferred alternative.

Have you been caught here? You work with a client to complete a distribution form to withdraw funds. You submit the form and request a rush in processing. Soon after, you receive a phone call from The Standard requesting a Substitute IRS Form W-4P & W-9 (Form 5031) prior to disbursement.

As insurance insiders, we’re fluent in the language used to describe annuities. But our clients may sometimes think we’re speaking another language. The Standard has great tools to help your clients understand important details.

Rich Lane
Second Vice President of Sales and Marketing, Individual Annuities

By Rich Lane, Second Vice President of Sales and Marketing. Reprinted with permission from ThinkAdvisor.

A new year brings both potential challenges and opportunities. Now is the perfect time to reflect on both the successes of, and the setbacks for, your annuity sales strategy.

We believe healthy environments create strong, vibrant communities. Our sustainable practices hold fast to this vision. These practices help ensure a better future for everyone, and we’ll keep seeking ways to reduce our ecological footprint.

Your clients have many investment choices, all with various features and results. Does an annuity have the right combination of guarantees, features and results to meet their financial goals? Let's compare many of the common features of annuities and other types of investments.

The IRS requires The Standard file Form 1099R by Jan. 31 of the year after a taxable distribution. Your clients should receive their 1099R no later than the second week in February.

Happy New Year from The Standard’s annuity sales team! We’ve seen an incredible amount of growth and volatility in the stock market. One way to mitigate those ups and downs – and still participate in some of those gains – is with fixed index annuities like our Index Select Annuity.

Rich Lane
Second Vice President of Sales and Marketing, Individual Annuities

We’re excited that Kelly Howlett has joined our sales team as a senior sales consultant. Many of you may have worked with him as a senior operations specialist on our administrative team.

Marketing materials for the enhanced Index Select Annuity 5, 7 and 10 are now available to use with consumers in Nevada and Oregon.