Updates From Admin

Ready to Send? Check the Chart First

We’re dedicated to processing your new business applications and checks promptly. Check this chart to make sure you have our correct mailing addresses. Sending your information to the correct address will help us ensure timely delivery of your new cases.

Newsflash – Now It’s Even Easier to Reach Our Call Center

Good news! We’ve extended our Annuity Services call center hours. Now you can reach us from 5 a.m. to 5 p.m. Pacific time, Monday through Friday.

Form 5498s Delayed for 2021

For IRAs with reportable contributions for the previous tax year, the Internal Revenue Service requires us to file Form 5498. The deadline for 2021 was once again delayed due to the COVID-19 pandemic. The Standard mailed these forms to policyholders on or before June 30, 2021.

Rollovers vs. Transfers – Why Keeping Them Straight Is Important

When you’re helping a client apply for an IRA, understanding the difference between a rollover and a transfer is important. Checking the wrong box about the source of the funds can result in a letter from the IRS. Let’s look at how to help clients avoid IRS questions about income reporting.

How Our Free Look Period Works

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

New Certification of Trust Document and Trustee Powers Form

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

The Why Behind Form 5031

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.

Meet Our Newest Administration Team Leaders

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.

2020 Tax Forms Are in the Mail

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.

RMD Notifications Happening This Month

We’re mailing RMD notifications by the end of January. See which owners will get this information.