SECURE Act Updates for Qualified Plan Riders

November 2, 2021

The SECURE Act has changed the Internal Revenue Code for qualified policies. The major amendments changed the required minimum distribution age from age 70½ to 72 and timelines for non-spouse death benefit payouts.

Newly issued contracts already include these updated qualified plan riders: IRA, Roth IRA, QPP, ERTSA, and NERTSA. We’ll be sending a contract amendment and updated riders to affected clients with in-force qualified policies.

 

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