2024 Year-End Deadlines

Important Deadlines

As the fourth quarter of 2024 is underway, National Life Group wants to enable agents to be well equipped and have the best year-end experience as possible. Check out the resources below for everything you need to know to finish the year strong!

Friday, November 1 

• Annuity policies with an external 1035 Exchange needed for year-end must be approved and in good order to allow adequate time for funds to transfer from the replaced carrier. 

Friday, November 15th 

• Life policies with an external 1035 Exchange needed for year-end must be approved and in good order to allow adequate time for funds to transfer from the replaced carrier. 

Friday, November 22  

• Premium Finance applications should be approved and in good order to allow adequate time for funding.  

Friday, December 6

• New Business paper applications must be received and in good order
• Final Rewrite requests must be received and in good order
• Final Underwriting requirements must be received
• Pension/Profit Sharing Plan applications must be received in good order

Friday, December 13

• Final Requirements on any pending cases in approved status
• Final plan designs submitted for Pension/Profit Sharing Plans

Friday, December 20

• New Business eApps that are requested for year end

Friday, December 27

• All annuity applications with money will be issued if received by 12/29

Reminder: Initial payments which cause a MEC on a policy will have premium up-to the non-MEC limit applied at the time of issue. The balance of the premium is not applied until the signed MEC letter is received indicating customer acceptance. Exceptions cannot be granted. To ensure the full premium is applied prior to 12/31/2024, make sure your customer has accepted the MEC and signed and dated the letter promptly.

To make time-sensitive disbursement requests before year-end:

Any Life or Annuity policy disbursement request (including required minimum distributions) received by the Home Office after Friday, December 13 may not be processed prior to year-end. In order to ensure processing within the 2024 tax year, please submit to disbursement requests in advance of this date.