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Qualified Annuity Owners
The Internal Revenue Service requires owners of Individual Retirement Annuities (IRAs) and tax deferred qualified retirement plans to begin taking distributions at age 70½.
Sun Life Financial offers a Minimum Distribution Program* for all IRA account holders and 403(b) annuity plan participants to satisfy annual RMDs automatically. You may enroll in the program by completing the application entitled Required Minimum Distribution (RMD) Request Form for Owners.
To learn more about our program and IRS RMD enhancements, please see our RMD Fact Sheet.
If you still have more questions please visit our RMD Frequently Asked Questions page or visit www.irs.gov.
Annuity Beneficiaries
If you are a beneficiary on a qualified annuity plan and would like information regarding how RMDs affect you, visit our IRA/403(b) Beneficiary Info page. If you are a beneficiary on a nonqualified annuity and would like to learn more information about your options please visit our Nonqualified Beneficiary Info page**.
*Sun Life Financial's Minimum Distribution Program is designed for noncustodial Individual Retirement Annuities (IRAs) and non-ERISA tax sheltered
annuities (403(b) plans) only.
**Please note: IRS regulations for Required Minimum Distributions do not apply to nonqualified annuity plans.
12/02 SLPC 7431
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