Entities
This entity can limit the owner's capapcity to deal with their contract.
Who’s the irrevocable beneficiary?
This is an entity who:
What is a third-party?
Jurisdiction(s) in which an individual or entity is required to report income and pay taxes based on local tax laws.
What is tax residence?
Types of POA accepted by Manulife Investments outside Quebec.
What are limited POA, general POA and Continuing/Enduring POA?
That entity should not have the same individual as annuitant or successor annuitant
Who is the beneficiary
This employment status describes someone who has left the workforce permanently—it’s not a job title or profession.
What is retired?
Non-financial company that earns most of its income from investments rather than from actively conducting a business.
What is a passive non-financial entity?
Form that must be completed to allow a POA to act on behalf of a client.
What is the Client and Third-Party Identity Verification form (NN0975)
This form can be useful for clients who want to ensure that a beneficiary receives a controlled income.
What is the Annuity Settlement Option form?
Must be appointed as primary beneficiary if there is a successor annuitant on a RSP
Who’s the client’s spouse?
Who’s information must be collected for a trust?
Settlors, trustees and trust beneficiaries
Number of days an individual has to apply for a SSN (social security number) or ITIN (Individual taxpayer identification number)
What is 90 days?
Once a client is under that condition, agent empowerment no longer applies.
What is being incapacitated?
This province is the only one where most of the unlocking options must follow a multi-step process.
What is Manitoba?
The only one who has contractual rights.
Who’s the owner?
Your client falls under that category if they are a close relative of a high-ranking military official—such as a general in the Canadian Army.
What is a politically exposed foreign person (PEFP)?
Form used to collect FATCA & CRS information for all non-individual owners.
What is the Corporate and Non-individual Identity Verification form NN1555?
This requirement from the Manulife Advisor Code of Conduct must be met for an advisor to act as a Power of Attorney for a client.
What is having a close family relationship?
Only entity that does not change upon a transfer of ownership
Who’s the annuitant?
In Alberta, appoints someone to make non-financial decisions on behalf of the client and applies when they are incapable of making decisions.
What is a Personal Directive?