New Application Requirement for Annuities with Transferred Funds
We have a new requirement, effective immediately, for annuity applications that include Transferred Funds. When submitting an annuity application, the Qualified Business Form (L5854) must be completed and submitted with the application whenever any funds will be transferred into the annuity, regardless of who initiates the transfer.
Additionally, when completing the Qualified Business Form, please ensure that the “Transferred From” section denotes the correct origin of the funds to help ensure efficient and accurate processing of the application.
Reminder: We cannot currently accept funds transferred from a ROTH IRA.