Advisor Support Call
Reference Material & Forms
For Advisor use – this brochure includes product information and the many benefits of partnering with Canada Protection Plan.
Canada Protection Plan Application for Life Insurance
Products at a Glance
One page that summarizes Canada Protection Plan’s No Medical & Simplified Issue Life Insurance portfolio including:
- Product details including age and amount limits
- No charge benefits
- Benefits available for an extra premium
No Medical Quick Reference Guide
An overview of medical & non medical conditions and the plans that cover them.
Application for Change to Non-Smoker Rates
Application for Reduced Paid – UP & Term Conversion
Application to Add Hospital Cash Rider
Beneficiary Designation Form
Child Term Benefit Questionnaire
Collateral Assignment Application / Release of Assignment
Ownership Change Form
PAC Plan Authorization And Agreement Form
Policy Change Application
Third Party Determination Questionnaire
Effective July 1, 2017, Clients with international tax status purchasing a Whole Life Insurance policy with cash value through Canada Protection Plan are required to provide a “Declaration of Tax Residence”.
This is a requirement under Canadian law which obligates financial institutions to provide certain information to the Canada Revenue Agency (CRA), which in turn transfers that information to the applicable international tax agencies. We will not settle applications for Clients with international tax status without the completed Declaration of Tax Residence form.
A “Declaration of Tax Residence” certifies the policy holder’s country of tax residence and includes their TIN(s) and date of birth. Please refer to the below applicable CRA form RC520 – Declaration of Tax Residence for Individuals – Part XIX of the Income Tax Act or RC521 – Declaration of Tax Residence for Entities – Part XIX of the Income Tax Act.
The declaration will also be required for certain inforce policy forms such as conversions and change of owner.
To comply with CRS, we will require the completion of:
We will not settle applications without the completed declaration. This document is only required on Applications dated 10/16. All Applications with 10/17 date do not require this declaration form.
Please send all executed “Declaration of Tax Residence” forms to Canada Protection Plan Head Office along with the application(10/16) or email us at firstname.lastname@example.org.
Financial institutions cannot provide advice about tax residency to clients. If your Client is unsure about their tax residency status, they should consult a tax advisor.
The following sample policy pages are provided for reference only. They may be incomplete and/or may not reflect recent updates. To determine exact terms and conditions for a particular client, please refer to the actual policy issued to that client.
We have developed an Underwriting Guide to help you answer the questions on our application. This guide provides definitions of common medical and non-medical conditions and outlines relevant timeframes, factors and details to help you determine plan eligibility.