Our standard processing time is 7-10 business days from receipt of the completed form.
If you do not have any liquidity riders you will be charged surrender charges and market value adjustment.
Depending on your contract and the liquidity riders you have, you may be able to set up systematic withdrawals to happen periodically or one time distributions.
The form can be found on the resources tab or be mailed to you by calling us to request it.
The form can be found on the resources tab or be mailed to you by calling us to request it. https://sslco.com/resources.aspx
If you do not mark any tax withholding information we will follow the guidelines on the form and withhold 10% federal taxes and state taxes where applicable.
They will need to call us to notify us of your passing and fill out the claim forms from the resources tab or we can mail them claim forms.
Interest is compounded daily credited yearly.
You will need to speak with an agent. You can contact your current agent or call us to be assigned an agent.
The most current rate can be found on our main web page on the banner add or under the products tab. https://sslco.com/resources.aspx
1099-I and 1099-R tax forms are sent out by January 31st and will include important tax information about any withdrawals you have taken in the previous tax year.
5498 tax forms are informational only and are sent out by May 31st each year only on tax qualified IRA’s.