Annuity Buzz

Help clients get their recurring annuity payments on time, every time. Electronic Funds Transfer makes that happen.

The last thing you want to hear when you’re helping a client is a request for more paperwork. But for any disbursement of funds, we require one additional form.

The IRS requires The Standard to file Form 1099-R by January 31 of the year after a taxable distribution. Your clients should receive their 1099-R forms, which report distributions from annuities, no later than the second week in February.

We’ve stopped issuing non-spousal inherited IRAs temporarily while we review the Secure Act and its impact on administering and servicing these contracts. This includes transfers from other carriers.

Wondering which Annuity Buzz articles were the most-read in 2019? Read them again for the inside scoop on product features, process news and sales ideas.

Certain annuity owners can expect to see Required Minimum Distribution notifications by the end of January. See which owners will get this news.

The Standard will stop offering the Advantage Growth Annuity on Jan. 1, 2020. All AGA business must have an effective date that’s no later than Dec. 31, 2019.

The holiday season and end of 2019 are quickly approaching. To meet your clients’ service expectations during this busy time, put some important dates in your calendar.

If you contacting us for annuity illustration requests, try running your own! Why? It eliminates lag time because you don’t have to wait for help from the home office.

Nobody likes to add time or paperwork to the application process. But that’s what happens when we receive incomplete applications. To avoid delays, pay close attention to three boxes on the form and fill them out correctly in the first place.