To Copy or Not to Copy

June 23, 2017

Not surprisingly, annuity administration comes with documentation requirements. Most of the time, The Standard is able to accept a copy — whether faxed, submitted electronically or photocopied — of important documents.

Examples of acceptable documents are:

  • Death certificates
  • Substitute W4-P and W-9 form (5031)
  • EFT forms, including voided checks, address changes, and agent of record changes
  • Power of attorney (POA) documents
  • Request to stop scheduled payouts
  • Most new business forms
  • Most distribution requests
  • Most beneficiary changes
  • Any distribution without special handling requirements (for example, a POA request)
    • This includes transfer/rollover/exchange requests to other carriers

These conditions require original ink signatures:

  • POA Affidavits
  • Beneficiary changes involving a POA
  • Special handling distributions:
    • Not sent to the address of record
    • A POA request

If you have any questions about what is acceptable, please contact our Service Specialists are available at 800.247.6888 or by emailing us (choose Individual Annuities Service in the topic drop-down list).

 

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