Get Northwestern Mutual Isa Payment 2010-2024

What is the difference between a Form 1099-INT and a Form 1099-R? The Form 1099-INT is used to report interest credited on certain contract proceeds. The Form 1099-R is used to report designated distributions of a contract's internal earnings (gain) that were previously untaxed.

Log into our client website and select the Documents page from the drop down menu. 1099 documents will be displayed under the document type “Tax Documents”.

If you own a life insurance policy, the 1099-R could be the result of a taxable event, such as a full surrender, partial withdrawal, loan or dividend transaction. If you own an annuity, the 1099-R could be the result of a full surrender, a partial withdrawal or the transfer of the contract to a new owner.

Which Companies? The companies that issue direct recognition contracts (again in no significant order) are: The Guardian. Northwestern Mutual.

You can make withdrawals and transfers to another income plan at any time at no charge. The current interest rate is payable for the calendar year and may change annually, as determined by Northwestern Mutual.

You can choose to receive guaranteed payments for your lifetime only; or if you want a guaranteed number of payments to be paid to you or a beneficiary, you can choose to receive guaranteed payments for up to 20 years or for your lifetime, whichever is longer.

Q. Why am I receiving this form? A. You are receiving this form as our records indicate you were a recipient of taxable interest of $10.00 or more paid on a life insurance claim benefit in the previous calendar year.

Form 1099-R is used to report the distribution of retirement benefits such as pensions and annuities. You should receive a copy of Form 1099-R, or some variation, if you received a distribution of $10 or more from your retirement plan.