RMD Notifications

February 2, 2024

In January, we mailed Required Minimum Distribution notifications to all policy owners who have or will reach the age of 73 in 2024. Two different packets were sent.

  •  Letter only went to:
    • Individuals who are already set up to receive automatic RMDs.
  • Letter, The Standard’s IRS Minimum Distribution form 10516, and The Standard’s Substitute IRS Forms W-4P and W-9 form 5031 went to:
    • Contract owners where 2024 is the first year an RMD is required.
    • Individual who’ve reached age 73 but haven’t elected automatic distributions.
    • Owners meeting these requirements who are receiving payouts other than an RMD, like scheduled interest payments.

Have Questions?

Contact our service specialists at 800.247.6888 or send us a message.

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