Annuity Buzz

Please review this recent compliance alert.
Rhode Island: Rule 230-RICR-20-25-1, Suitability of Individual Annuity Sales Recommendations

Policies that are owned by a trust now require a new Certification of Trust form. Get the details on how to submit the form.

What if policyowners change their minds after buying an annuity? Get the details about our free look period and how it can help.

Please review this recent compliance alert.
Arkansas: Rule 82, Suitability of Individual Annuity Sales Recommendations

Please review this recent compliance alert.
Michigan: House Bill 4508, Suitability of Individual Annuity Sales Recommendations

Rick Headley and Rebecca Mattingly have joined our Annuities administration leadership team, and Brittany Bobbitt takes on a new role as director of Individual Annuities administration.

Learn the why behind disbursement Form 5031, to help a client withdraw funds from an annuity contract, and how we make it easy to complete.

Businesses of all kinds are delivering and signing documents online — and realizing the many benefits. That’s why we’re now providing online delivery of annuity contracts through DocuSign.

The IRS requires The Standard to file Form 1099-R by Jan. 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’re no longer providing or requiring two of our forms to be given to the client at the time of application; form 7127, the Minnesota Insurance Guaranty Association notice, and the accompanying form 4421, the Minnesota Insurance Guaranty Association notice delivery receipt.