Annuity Buzz

Here are two things to expect in January – resolutions and RMD notifications. We’ll take care of the latter (and leave the resolution-making to you).

The holiday season and end of 2022 are quickly approaching. To meet your clients’ service expectations during this busy time, please put these important dates in your calendar.

To avoid delays when submitting new annuity applications, be sure to check your state requirements in our NAIC Suitability by State chart — and complete your required trainings. Many states are adopting the 2020 Best Interest Standard for suitability in annuity transactions which has additional training requirements.

Please review this recent compliance alert: CO Regulation 4-1-11, Suitability of Individual Annuity Sales Recommendations.

Please review this recent compliance alert: Regulation 69-29, Suitability of Individual Annuity Sales Recommendations.

We strive to make it easier for you to fulfill a client’s request for disbursement. Knowing what forms are required can make the process go more smoothly.

Please review this recent compliance alert.
Maryland:Rule 31.09.12.01+, Suitability of Individual Annuity Sales Recommendations

Please review this recent compliance alert.
New Mexico:Rule 13.9.20.1, Suitability of Individual Annuity Sales Recommendations

Please review this recent compliance alert: SB 644 A 654, Suitability of Individual Annuity Sales Recommendations.

We’re heading toward the end of the year — and the usual deadline for annual required minimum distributions from qualified policies for annuitants who are 72 and older. Take this opportunity to check in with your clients about RMDs.