Annuity Buzz

The IRS requires The Standard file Form 1099R by Jan. 31 of the year after a taxable distribution. Your clients should receive their 1099R no later than the second week in February.

Happy New Year from The Standard’s annuity sales team! We’ve seen an incredible amount of growth and volatility in the stock market. One way to mitigate those ups and downs – and still participate in some of those gains – is with fixed index annuities like our Index Select Annuity.

Rich Lane
Second Vice President of Sales and Marketing, Individual Annuities

We’re excited that Kelly Howlett has joined our sales team as a senior sales consultant. Many of you may have worked with him as a senior operations specialist on our administrative team.

Marketing materials for the enhanced Index Select Annuity 5, 7 and 10 are now available to use with consumers in Nevada and Oregon.

It’s January, and that means we’ll be mailing Required Minimum Distribution Notifications by the end of the month. We’ll be notifying all owners of qualified deferred annuity contracts who will attain age 70½ in 2019 or are already of RMD age.

We now have four online calculator tools for you to use. These tools offer you 24-hour access where you can input your own numbers. Our Cost of Waiting calculator can help show clients if they wait for interest rates to rise, how many years it will take to catch up.

One of the benefits of many individual annuity contracts is the accessibility to a regularly occurring payment stream. Many of your clients rely on receipt of these funds on specific, recurring dates in order to pay bills and meet general day-to-day living costs. Electronic Funds Transfer, or EFT, is the best way to ensure that they receive the funds due them on time, every time.