Admin requirements chart by product

Product

Individually owned- POD

Individually owned- TIC

Corporately owned – POD

Corporately owned - TIC

Critical illness
  • Application
  • If using Sun eApp, and annual payment was selected, an E75 is needed to give PAC authorization
  • Application
  • TIC payment via cheque or special withdrawal with banking information
  • If using Sun eApp, and annual payment was selected, an E75 is needed to give PAC authorization
  • Application
  • If using Sun eApp, and annual payment was selected, an E75 is required to give PAC authorization
  • Application
  • TIC payment via cheque or special withdrawal with banking information
  • If using Sun eApp, and annual payment was selected, an E75 is needed to give PAC authorization

Critical Illness – Shared ownership
  • Confirm both owners
  • Confirm base beneficiary, return of premium on cancellation/expiry (ROPC/E) beneficiary, and return of premium of death (ROPD) beneficiary if applicable
  • Confirm who is paying for base and who is paying for ROPC/E and ROPD
  • If using Sun eApp, and annual payment was selected, an E75 is needed to give PAC authorization

 

 

 

Sun (Evolve) Term
  • Application
  • If using Sun eApp, and annual payment was selected, an E75 is needed to give PAC authorization
  • Application
  • TIC payment: via cheque or special withdrawal with banking information gived
  • If using Sun eApp, and annual payment was selected, an E75 is needed to give PAC authorization
  • Application
  • If using Sun eApp, and annual payment was selected, an E75 is needed to give PAC authorization
  • Application
  • TIC payment via cheque or special withdrawal with banking information gived
  • If using Sun eApp, and annual payment was selected, an E75 is needed to give PAC authorization

Sun Par 2 (Protector, Accumulator)
  • Application
  • Signed illustration
  • If using Sun eApp, and annual payment was selected, an E75 is needed to give PAC authorizatio
  • Form 4573
  • Application
  • Signed illustration
  • TIC payment: via cheque or special withdrawal with banking information provided
  • If using Sun eApp, and annual payment was selected, an E75 is needed to give PAC authorization
  • Form 4573
  • Application
  • Signed illustration
  • If using the Sun eApp, and annual payment was selected, an E75 is needed to give PAC authorization
  • Form 4545
  • Application
  • Signed illustration
  • TIC payment: via cheque or special withdrawal with banking information provided
  • If using Sun eApp, and annual payment was selected, an E75 is needed to give PAC authorization
  • Form 4545

Sun Permanent Life
  • Application
  • If using Sun eApp, and annual payment was selected, an E75 is needed to give PAC authorization
  • Form 4573
  • Application
  • TIC payment via cheque or special withdrawal with banking information provided
  • If using Sun eApp, and annual payment was selected, an E75 is needed to give PAC authorization
  • Form 4573 – FATCA questions
  • Application
  • Form 4545
  • If using Sun eApp, and annual payment was selected, an E75 is needed to get PAC authorization
  • Application
  • Form 4545
  • TIC payment via cheque or special withdrawal with banking information provided
  • If using Sun eApp and annual payment was selected, an E75 is needed to give PAC authorization

Sun Universal Life II
  • Application
  • Signed illustration
  • Identity verification section of Application OR form 4830
  • If using the Sun eApp and annual payment was selected, E75 is required to provide PAC authorization
  • Application
  • Signed illustration
  • Identity verification section of Application OR form 4830 *received within 30 days of Application signed date*
  • TIC payment: via cheque or special withdrawal with banking information provided
  • If using the Sun eApp and annual payment was selected, E75 is required to provide PAC authorization          
  • Application
  • Signed illustration
  • Form 4831
  • Form 4545
  • Form 5091
  • Supporting corporate documents (see chart below)
  • If using the Sun eApp and annual payment was selected, E75 is required to provide PAC authorization

·          
  • Application
  • Signed illustration
  • Form 4831
  • Form 4545
  • Form 5091
  • Supporting corporate documents (see chart below)
  • If using the Sun eApp and annual payment was selected, E75 is required to provide PAC authorization
  • TIC payment: via cheque or special withdrawal with banking information provided

RHA
  • Application
  • Signed illustration

 

 

 

When do you need to submit supporting documents?

If there’s more than one involvement at the shareholder, signing officer, or director level, supporting documents are needed. On subsequent levels of ownership, if the ownership stake is 25% or greater, we need supporting documents confirming all shareholders of the additional entity owner.

Sole ownership that has been incorporated

If the same person is the corporation’s shareholder, signing officer, and director, no supporting documents are required from the Client.

Sole proprietorship that has not been incorporated

We do not require entity documentation on a ‘sole proprietor’. We treat them as an individual Client. Please complete the AML/ATF portion of the application or the Identity verification, third party determination and politically exposed persons (PEP) for individual owners (4830) form. You do not need to complete the form 4831. No supporting documents are required from the Client.

Types of documents that might contain the required information to support the existence of the corporation or entity are, but not limited to, the following. 

Supporting documents

Entity

Document type

Corporations
  • Shareholder registry
  • Schedule 50 of their tax return
  • Meeting minutes
  • Board resolution document

Note: A copy of the Enterprise Register is not valid.

Partnerships
  • A partnership agreement or limited partnerships: articles of incorporation for the general partner
  • Articles of association

Trust and estates
  • A copy of documents providing the establishment of the entity and confirming the existence of the estate or trust, such as a will, trust, deed, or other trust instrument

Other non-corporate entities (including un-incorporated non-for-profit entities)
  • Articles of association
  • Copy of Canada Revenue Agency registration

Note: Supporting documents should clearly identify the shareholder(s) and the percentage of voting shares held.