2023 IRA Contribution Forms Are Going Out

April 29, 2024

IRS Form 5498 will be mailed by May 31, 2024 to IRA policy owners who had reportable contributions.

Form 5498 shows contributions made during the tax year. In addition to premiums, contributions to an IRA include direct rollovers, recharacterizations and Roth IRA conversions. If there was a reportable 2023 contribution or a fair market value as of Dec. 31, 2023, the policy owner will receive a 5498 statement.

We send the statements to policy owners for recordkeeping purposes only. Policy owners do not need to include the form when they file their taxes.

If you have any questions about setting up EFT, please contact our service specialists at 800.247.6888 or send us a message.

Producer Advisories

More About Producer Advisories

Ensure the Timely Delivery of New Business Applications

To ensure prompt processing of your new business applications, follow our specific mailing instructions and key steps. We accept applications via regular mail, overnight delivery, fax and email.

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As the year-end approaches, it’s time to review RMDs for clients aged 73 and older. Ensure they’re informed about their RMD options for 2024 and 2025, direct deposit setups and necessary documentation for any changes.

Missouri Producer Advisory

Please review this recent compliance alert: Rule 20 CSR 400-5.900, Suitability of Individual Annuity Sales Recommendations.

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Starting a claims process can be difficult, especially considering the surrounding circumstances. Help your clients prepare to ensure a smooth, easy claims process.

New Business Checklist

There’s a lot of ground to cover with a new application. We created a handy New Business Checklist to help streamline the process, so you can keep things moving smoothly.

Updated Process for California Clients Over 65

California producers or those presenting in California are subject to new forms starting in July. Make sure you know which ones you need to bring with you.

New Feature: Contract Pages on the Annuity Portal

Clients can now view and download contract pages on the Annuity Portal!

Indiana Producer Advisory

Please review this recent compliance alert: Indiana Rule 760 IAC 1-72-1+, Suitability of Individual Annuity Sales Recommendations.

Utah Producer Advisory

Please review this recent compliance alert: Utah Rule R590-230, Suitability of Individual Annuity Sales Recommendations.

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Annuities

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