Application Validity & Submission
Applications are valid for this long from the date they are signed.
What is one year?
Under the Insurance Act, individuals of this age or older may own their own policy without parental consent (except in Quebec).
What is 16 years old?
This is the name of the rebranded Life and CI application effective December 2024.
What is Form 350?
This determines whether the person buying the policy has a valid reason to insure the life of another.
What is insurable interest?
These agents are automatically set up for EZcomplete once they receive their EquiNet ID and password.
Who are WFG agents?
These are the acceptable methods for submitting a paper application.
What are mail, courier, fax (519-883-7422), and EquiNet EZ Upload?
Even for non face-to-face applications, the owner must be physically present in this location when signing.
What is the province where the advisor is licensed?
If a client has no first name, this must be done in EZcomplete.
What is enter the last name in both the first and last name fields and note it in the advisor notes?
This system will show jointly owned UW Pro policies in short form, such as “J.Chen S.Li.”
What is Ingenium?
Equitable does not accept applications from advisors in this situation.
What is operating out of the country or still in the process of getting licensed?
This method of submission is NOT accepted for applications.
What is email?
As of November 28, 2024, advisors must be licensed in this province if the client resides there, regardless of signing location.
What is Quebec?
This section of the application includes premium and payment mode details.
What is Section 10?
If a medical provider has a foreign address, this workaround must be used in EZcomplete.
What is enter the client’s address in the provider field and note the correct address in the advisor notes?
This section of the application includes advisor code, MGA code, and email addresses.
What is Section 20?
This group of agents is automatically set up for EZcomplete once they receive their EquiNet ID and password.
Who are WFG agents?
This is the minimum age to own a policy without parental consent in Quebec.
What is 18 years old?
This section includes a list of nicotine-based products like vaping and chewing tobacco.
What is Section 14.3?
This type of policy requires a sales illustration to be attached to the application.
What is Whole Life or Universal Life?
This section is for MGA purposes only and is not reviewed by Equitable.
What is the supervisor’s email/signature section?
If an advisor is still in this process, their application cannot be accepted.
What is getting licensed?
This requirement must be met by both owners and insureds before an application can be accepted.
What is residency in Canada?
This section contains advisor details including advisor code, MGA code, and email addresses.
What is Section 20?
This section of the application includes Temporary Insurance Agreement (TIA) and Temporary Critical Illness Insurance details.
What are Sections 19, 21, and 22?
This form section must be completed if the applicant is applying for a death and disability waiver.
What are all sections pertaining to Life Insured Two?