Age-related health care expenses are a fact of life for most Americans — including your clients. EquiTrust offers solutions designed to help them cover costs associated with:
Long-term care
Nursing home confinement
Chronic care
Terminal illness
See how our solutions can help your clients financially prepare for potential health care expenses.
RMDs — The deadline to submit Required Minimum Distribution (RMD) requests for tax year 2024 is December 13, 2024.Please ensure that your clients are using the most current form, ET-2512.
Death claims — The deadline to submit death claims for tax year 2024 is December 13, 2024. To avoid receiving taxable death proceeds for the 2024 tax year, please wait until 2025 to submit your claim.
Withholding — 2024 withholding will not be refunded after December 31, 2024.
IRA transfers/rollovers —To ensure accurate RMD calculations for 2025, Inforce IRA transfers and rollovers must be processed by December 20, 2024. Any funds still in transit after this date may result in an inaccurate year-end contract valuation, potentially affecting the RMD calculation.
IRA contributions — The IRA contribution deadline for tax year 2024 is April 15, 2025. The IRA contribution limit for both 2024 and 2025 is $7,000 for those under 50 years old, and $8,000 for those 50 or older.
Keep business moving with E-App and E-Delivery
Through our wizard-based E-Application platform, you can keep your business moving quickly and avoid errors that result in not-in-good-order (NIGO) status. And if issues arise, our E-App platform is always available at Agents.EquiTrust.com to make on-the-go corrections. Plus, if you can’t find a time to see your clients in person, you can deliver documents electronically with E-Delivery!
Delivery rules
Reminder — EquiTrust does not deliver contracts directly to clients. They must be delivered to the client by the agent in person, via E-Delivery or by delivery service. Always obtain a delivery receipt to verify that the business is completed in good order. This is required for all life insurance policies and in certain states for annuity contracts.
Verify address to receive 1099s
1099 forms will be mailed in January 2025. To ensure you receive your forms promptly, please verify that your address is up to date on the agent website. Visit Agents.EquiTrust.com and click on your profile in the top right corner.
California issues new life insurance training requirement
Effective January 1, 2025, resident and non-resident agents must complete a new training requirement to solicit life insurance business in CA.
EquiTrust financial distribution forms have been updated to include new tax withholding language. To avoid future rejections, please ensure that you’re using the current versions. Updated forms include:
EquiTrust does not offer investment advice to any individual or agent/producer and this material should not be construed as investment advice. Products underwritten, issued and distributed by EquiTrust Life Insurance Company, West Des Moines, Iowa.
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