Reminder: Index Products Changed to Daily Sweep

August 1, 2023

As a reminder, on July 17, 2023, we changed all our index products to a daily sweep to align with industry standards.

  • All expected premiums must be noted on the application and the policy will not issue until all funds are received. Multiple premiums will be held until the final premium is received. The contract effective date is the day we receive all the expected premiums.
  • If all premiums are not received within 90 days, the contract will issue based on the date of the last received premium, if it meets the contractual minimum.

Have Questions?

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

More About Producer Advisories
The holiday season is upon us, and to meet your clients’ expectations, mark these important dates. Ensure all distribution and new business requests are submitted by Dec. 11 to guarantee processing by year-end.
Please review this recent compliance alert: Regulation 89, Suitability of Individual Annuity Sales Recommendations.
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.
Please review this recent compliance alert: Rule 20 CSR 400-5.900, Suitability of Individual Annuity Sales Recommendations.
Starting a claims process can be difficult, especially considering the surrounding circumstances. Help your clients prepare to ensure a smooth, easy claims process.
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.

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Doing business with The Standard is good for you and your clients. Our annuities offer innovative product design, desirable rates, competitive compensation, high industry ratings and excellent service.