MONTHLY OVERVIEW: July Updates, Recaps and Department News

Administration

Time Flies!

The end of the year is fast approaching. It is not too early to be reaching out to your clients who are required to take Required Minimum Distributions (RMDs) for the tax year 2022 and ensure they have provided distribution instructions using the Required Minimum Distribution Form ET-2512 (07-16).

Reminders:

When submitting clients’ service or distribution requests, ensure the form is fully completed, dated and signed by the owner or authorized signer(s) on behalf of the owner. Your assistance in reviewing service forms prior to submission will help reduce not-in-good-order requests and allow us to fulfill your clients’ needs in a timely manner.
 

Full Surrender or transfer during the contract surrender-charge period is a 2-step process. Step 1: Receipt of surrender/transfer paperwork in good order. Step 2: Confirmation letter sent to your client which may require a response prior to the request being processed.

 
Market Value Adjustments (MVA’s) are sensitive to interest rate changes. These changes can affect your clients’ values (positively
or negatively) on distributions in excess of the penalty-free amount.

Advertising

Pre-approved advertisements may be used as they appear on the website. No other copy revisions (other than inserting your contact information and company logo) can be made without prior approval from EquiTrust. For ad-usage tracking, please send a copy of the final ad or mailer (that includes your contact information) to EquiTrust. Click Here to view Pre-Approved Ads.
 
If you create your own ad featuring an EquiTrust product – whether a fully disclosed ad with product name and issuer identified, or a “blind ad” with product name and issuer not identified – the ad must be submitted to EquiTrust for review prior to use. Include how the ad will be distributed (e.g., name of publication), states in which it will be distributed, and date of distribution.