Vantis Life: The Savings Bank Life Insurance Company
HomeLearnDecideTake ActionAbout Vantis LifeAgent AccessCustomer ServiceSite Map


Annuity
Faqs
Faqs

Life Insurance
Premium Payment


Annuity FAQs - Taxes


When are tax forms mailed to the contract owner?

  • Fair Market Value Statements are mailed by January 31.
  • IRS Forms 1099R are mailed by January 31.
  • IRS Forms 5498 are mailed by May 31.

Are distributions from an annuity contract taxable?

Note: The Savings Bank Life Insurance Company does not provide tax advice. Please consult with your tax advisor, preparer or attorney for information regarding your annuity contract and specific situation.

In general -

  • Distributions from IRA annuity contracts are reported as taxable distributions.
  • Distributions from nonqualified annuity contracts are reported as taxable distributions on the amount withdrawn that is attributable to interest earnings.

Vantis Life Home
Call us today 1-800-252-7254
Information
Get a Quote
Get Rate
Call Me
Stay Informed

Vantis Life Insurance »  Vantis Life Annuities »

Learn »  Decide »  Take Action »  About Vantis Life »  Agent Access »  Site Map »  Privacy Policy »

© Vantis Life Insurance Company, Windsor, CT. All rights reserved.
Vantis, Vantis Life, A better life experience, The Savings Bank Life Insurance Company, and SBLI are registered trademarks of Vantis Life Insurance Company.

Savings Bank Life Insurance (SBLI) products are available to Connecticut residents only.

Life insurance and annuities issued by Vantis Life Insurance Company, Windsor, CT (all states except NY) and by Vantis Life Insurance Company of New York, Brewster, NY (NY only). Products not available in all states and state variations may apply.