I can't fathom why everyone is going around their elbow to get to their thumb. It's really simple. If (and "ONLY" if) any of the payout is reportable income on your 2024 tax return, the insurance company will send you a 1099-R. Now understand there's a difference between "reportable" income, and "taxable" income. Just because you may be required to report it on your tax return, DOES NOT mean it's taxable.
If you receive a 1099-R, any taxable amount will be reported in box 2a of the 1099-R. If box 2a is blank, "AND" taxable amount not determined is not checked in box 2b, then nothing is taxable. Typically, you'll never receive a 1099-R like that. You just won't be issued a 1099-R, which means you don't have to report anything on any tax return.
If a 1099-R is issued by the insurance company to you, they are required by law to send it not later than Jan 31st. So if you've not received a 1099-R by the end of the first week of February, it's a good bet they're not sending you one at all, because you don't have to report it on your tax return.
Now, the only exception to all of the above that I am aware of, is if two conditions are met.
1) You itemized deductions in any prior year or years, "AND"
2) You deducted the premiums you paid for that tax year as a SCH A tax deduction in the year you itemized.
