Annuity Buzz

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.

Our newest FIA — the Enhanced Choice Index — is now available to sell in New Jersey. Exciting features include volatility-controlled indices and an enhanced participation rate feature.

We’re excited to announce our mid-year top 15 annuity producers. Like us, they place a high value on providing excellent annuity products for their clients, while offering the tools and accessibility required in a competitive landscape. Congratulations to these top performers!

A few details are key to a smooth and timely claims experience. Learn what they are and how to proceed after the death of a policyowner or annuitant.

Our Annuity Portal is up and running. The intuitive experience gives you access to policy information, dynamic reporting and resources exclusively for you. We’re ready to help you achieve your best results quickly and easily.

Help your clients navigate the contract signing process quickly and easily by choosing DocuSign.

One of the benefits of our annuity is the option to set up automatic RMDs on an annual basis. If your client chooses to take a withdrawal before that payment date, the scheduled RMD payout will be the difference between the original RMD amount and the total funds withdrawn earlier that calendar year.

Please review this recent compliance alert.
Pennsylvania: Senate Bill 772, Suitability of Individual Annuity Sales Recommendations

After two years of delays due to the COVID-19 pandemic, the IRS is back on its regular filing schedule. The Standard will mail IRS Form 5498 to policyholders by May 31, 2022.