Important Year-End Reminders
Tax Information
If applicable, 1099R, Fair Market Value (FMV), and Required Minimum Distribution (RMD) documents will be mailed to clients by Jan. 31.
- 1099R – Issued for distributions taken in 2023.
- FMV – Owners of qualified annuity contracts receive this letter.
RMD – Owners of qualified annuity contracts are required to take their RMD by Dec. 31 of each year. The amount needed to satisfy this requirement will be included on the FMV letter, and can be found on our website. Get the RMD FAQ now.
“My Business” online
- Access your client’s inforce contracts
- Check your client correspondence
- Update your notifications
- Initiate a death claim
- Change allocations
- And more…
2024 SNF rate
The standard nonforfeiture (SNF) rate effective Jan. 1, 2024 will be 3.00% (2.95% in 2023)
Coming in 2024…
- Image of a check acceptance in Annuity e-Biz
- Not In Good Order (NIGO) communication improvements
What can your clients do online?
The “Manage My Account” client dashboard on NorthAmericanCompany.com allows your clients to track contract values, request changes, and so much more.