RMD Notifications
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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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