Annuity Buzz

Please review this recent compliance alert.
Mississippi: Rule 19-2: 18.01+, Suitability of Individual Annuity Sales Recommendations

We’ve updated our Request to Initiate/Change EFT of Annuity Payment form 11426. You’ll see new options to accommodate financial institutions and accept supporting documentation.

It’s time for our annual reminder that we’ll be mailing required minimum distribution notifications by the end of January. We’ll notify owners of qualified deferred annuity contracts who will turn 72 in 2022 or are already of RMD age.

The USPS recently changed their delivery service standards for First-Class Mail and Periodicals. Transit times have changed from all addresses having 1-3 delivery days, to being based on distance between origin and destination with a maximum of 5 delivery days.

The 2021 holiday season is quickly approaching. To meet your clients’ service expectations during this busy time, please put some important dates in your calendar.

Using the most current forms helps streamline the application process and prevents delays. Your best move is to download forms from standard.com.

Still waiting to experience the benefits of DocuSign? Delivering annuity contracts online is an efficient way to ensure clients have reviewed and signed documents on time. Read more about DocuSign and get the FAQ.

The SECURE Act has changed the Internal Revenue Code for qualified policies. We’ll be sending a contract amendment and updated riders to affected clients with in-force qualified policies.

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.

Please review this recent compliance alert.
Montana: Senate Bill 363, Suitability of Individual Annuity Sales Recommendations