For Distributions:
To complete distributions by Dec. 31, 2020, GILICO’s Home Office must receive requests in good order by Dec. 23, 2020.
For incomplete requests (NIGO), or requests received after Dec 23, we will strive to complete by December 31st, but cannot guarantee.
For New Business:
GILICO Home Office must receive new business requirements in good order by Dec 28 for contracts to be issued by Dec 31st. This includes:
- Complete deferred annuity applications, including premium and without additional requirements. RMDs to be processed in 2020 must be taken before the funds are transferred in.
- Any pending requirements to complete an existing deferred annuity application.