What you and clients need to know.
There’ve been some updates to SECURE Act endorsements and distributions, and we’ve sent policy holders a letter notifying them of the changes. Policy holders will be receiving a letter containing an endorsement and disclosing statement for the annuity policy they have with us.
The new endorsements will address the new required minimum distributions (RMD) and death claim options as outlined in the SECURE act. The disclosure simply provides information about Individual Retirement Annuities. Rest assured that policy features and benefits will remain the same.