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
Please review this recent compliance alert: Indiana Rule 760 IAC 1-72-1+, Suitability of Individual Annuity Sales Recommendations.
Please review this recent compliance alert: Utah Rule R590-230, Suitability of Individual Annuity Sales Recommendations.
Please review this recent compliance alert: Vermont Regulation I-2023-01, Suitability of Individual Annuity Sales Recommendations.
Have clients in another state or looking to expand your book of business? We’re implementing a new cross-border sales policy. Check out the ins-and-outs and do’s-and-don’ts of the new policy and forms before you get down to business.
It’s time to send out the 2023 IRS Form 5498 for IRA Contributions. Be sure to notify your clients who should expect them and find out the dates we’re sending them out.
Many clients count on receiving their annuity payments on specific dates so they can pay bills and meet day-to-day living costs. Electronic Funds Transfer is the best way to ensure payments on time, every time.
Please review this recent compliance alert: New Hampshire INS 305, Suitability of Individual Annuity Sales Recommendations.

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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.