Annuity Buzz
For the year as a whole, the U.S. market experienced strong returns. This was despite a particularly destructive hurricane season which, according to Moody's, resulted in combined U.S. property damage of over $200 billion. Another one of the most remarkable things about 2017 was the complete lack of market volatility. But perhaps one of the biggest surprises was the stability of Eurozone politics after years of disarray.
Your clients will receive their 1099R no later than the second week in February. Please note, if a distribution was not a taxable event, such as a qualified transfer between financial institutions, or your client did not take a distribution in 2017, a 1099R will not be generated.
By Chris Conklin, VP Individual Annuities. Reprinted with permission from LifeHealthPro.
It's that time of year again: tax season. It is also a great time of year to talk to your clients about the benefits of annuities. Here are some commonly asked questions you may get this year, along with answers you can use to help clients understand the tax benefits of purchasing an annuity.
By Chris Conklin, VP Individual Annuities. Reprinted with permission from LifeHealthPro.
Effective April 1, 2017, the Secured Rate Annuity series (SRA 1, SRA 5 and SRA 6) and Flexible Choice Annuity (FCA) will no longer be offered by The Standard. All SRA or FCA business must be issued with an effective date no later than March 31, 2017, with no exceptions.
By Friday, March 31, 2017:
By Rich Lane, 2nd VP of Sales and Marketing, Individual Annuities. This article originally appeared in the December/January 2016 issue of NAFA Annuity Outlook magazine. You can subscribe here.