Tax-Free Savings Account (TFSA) Advisor Administration Guide

Transcription

1 Tax-Free Savings Account (TFSA) Advisor Administration Guide managed by CI Investments Inc. issued by Sun Life Assurance Company of Canada

2 Table of Contents Account applications for new SunWise Elite TFSA contracts > Client name contract... 1 SunWise Elite Including SunWise Elite Plus Individual Variable Annuity Contract Tax-Free Savings Account (TFSA) Application Form > Nominee held FundSERV settled contracts... 3 SunWise Elite Including SunWise Elite Plus Individual Variable Annuity Contract Tax-Free Savings Account (TFSA) Rapid Application Form

3 1 Account applications for new SunWise Elite TFSA contracts All clients who wish to open a TFSA must complete a new SunWise Elite (Including SunWise Elite Plus) Individual Variable Annuity Contract Application Form. The form used will depend upon how the contract will be held. Tax-Free Savings Account Application Form January 2009 Client name contracts The SunWise Elite Including SunWise Elite Plus Individual Variable Annuity Contract Tax- Free Savings Account (TFSA) Application Form may be used when establishing a TFSA in client name. The original client signed application must be delivered to the CI office. SunWise Elite is an individual variable annuity contract issued by Sun Life Assurance Company of Canada, a member of the Sun Life Financial group of companies. > The planholder is required to be the annuitant on TFSA plan types, as they are considered registered plans. > The planholder must be a Canadian resident in order to establish a contract. > All applicable sections of the application must be completed in full and the application signed. issued by Sun Life Assurance Company of Canada managed by CI Investments Inc. SECTION 3 > Mandatory fields: The planholder s date of birth, social insurance number (SIN) and country of residency. SECTION 4 > Spousal designation as beneficiary in Quebec is irrevocable unless otherwise indicated in the left hand column. > For Contracts established by a legal power of attorney, generally the beneficiary should be Estate of the Planholder. However, if the proceeds of the contract are sourced from a contract with an existing beneficiary designation, then the beneficiary designation on the previous contract should be maintained on the new contract being established. At present time, the ability of a person acting under a POA to designate a beneficiary is uncertain. A beneficiary designation is similar to a testamentary disposition, which usually can only be made in a will and a person acting under a POA is not capable of making a will for another person. > If additional/alternate beneficiary designation instructions will be provided, please notify us by selecting the option in the left hand margin. Please ensure to include the instructions, signed by the planholder, along with the application. > For minor beneficiaries, to avoid delays in the estate settlement process, consider naming a Trustee. > Due to the complexities surrounding contract structures and beneficiary designations, please refer to the Estate Planning Guide for more details. 1 Contract Number (if available) 2 Distributor and Representative Information 3 Planholder Information The planholder is required to be the annuitant 4 Beneficiary Designation For Contracts signed in Quebec the designation of a spouse (married or civil union) as beneficiary is irrevocable unless the Planholder checks revocable here: revocable I have attached a letter of direction with additional/alternate beneficiary instructions. 5 Optional Riders By selecting any of these riders you acknowledge having read the applicable sections of the Information Folder and Individual Variable Annuity Contract and agree to the applicable fees. * We will default to the GWB Withdrawal Period Option if no selection is made and a GMWB fund code is selected. SunWise Elite Individual Variable Annuity Contract Tax-Free Savings Account (TFSA) Application Form SunWise Elite Contract Number Distributor s Account Number Distributor's Name Representative's Name Distributor Number Representative Number Telephone Number Address Training Supervisor's signature (Quebec Only) X Mr. Mrs. Miss Ms. Dr. Gender Male Female Language Preference English French Planholder's Name (last, first, middle) Planholder's Address City or Town Province Postal Code Residence Telephone Number Planholder's Address YYYY/MM/DD M A N -D A T O R Y Date of Birth Social Insurance Number (SIN) Country of Residency Primary Beneficiary Relationship to Share Contingent Beneficiary Name(s) Annuitant () Name(s) Total 100 EEB Beneficiary: (if different from above) See section 5 to elect EEB Rider. EEB Beneficiary Relationship to Planholder: Name of Trustee(s) appointed for minor beneficiary(ies) (except in Quebec) SunWise Elite Plus Guaranteed Minimum Withdrawal Benefit (GMWB) Payment Options - please select one* GWB Lifetime Option (LWA) GWB Withdrawal Period Option (GWA) 4 Annual Automatic Death Benefit Reset Rider (Class A and B units only) Earnings Enhancement Benefit (EEB) Rider Please see the front of this application for the minimum investment amounts and the age restrictions for electing the riders. 1 Tax-Free Savings Account (TFSA) Advisor Administration Guide

4 1 Contract Number (if available) 2 Distributor and Representative Information 3 Planholder Information The planholder is required to be the annuitant 4 Beneficiary Designation For Contracts signed in Quebec the designation of a spouse (married or civil union) as beneficiary is irrevocable unless the Planholder checks revocable here: revocable I have attached a letter of direction with additional/alternate beneficiary instructions. 5 Optional Riders By selecting any of these riders you acknowledge having read the applicable sections of the Information Folder and Individual Variable Annuity Contract and agree to the applicable fees. * We will default to the GWB Withdrawal Period Option if no selection is made and a GMWB fund code is selected. 6a Investment Directions The fund code will determine the guarantee class and sales charge option of the units. Class Deposit Death Maturity Guarantee Guarantee A B C Please specify your PAC or AWD amount in Section 7 and 8 as applicable. To elect the SunWise Elite GMWB rider, the fund code must end with a P. 6b Instruction for a Partial Transfer from an Existing CI Account 7 Pre-Authorized Chequing Plan (PAC) Details Please complete section 9 and specify the fund breakdown in the PAC amount column in section 6a. I choose to receive plan payment confirmations. (All Planholders receive annual statements detailing transactions in their Contract.) 8 Automatic Withdrawal Plan (AWD) Details * Withdrawals in excess of the annual GWA/LWA may have a negative impact on future guaranteed payments under the Guaranteed Minimum Withdrawal Benefit Rider. Please complete section 9 and specify the fund breakdown in the AWD amount column in section 6a. SunWise Elite Individual Variable Annuity Contract Tax-Free Savings Account (TFSA) Application Form SunWise Elite Contract Number Distributor s Account Number Distributor's Name Primary Beneficiary Relationship to Share Contingent Beneficiary Name(s) Annuitant () Name(s) Total 100 EEB Beneficiary: (if different from above) See section 5 to elect EEB Rider. EEB Beneficiary Relationship to Planholder: Name of Trustee(s) appointed for minor beneficiary(ies) (except in Quebec) Cheque in the amount of AMOUNT Transfer from another financial institution (INSTITUTION NAME) AMOUNT Transfer from an existing CI account (ACCOUNT NUMBER) Full Transfer Partial Transfer (Please complete 6b) Fund Code ISC Sales Charge Gross Amount PAC Amount AWD Amount (if applicable) $ or $ or $ or or Representative's Name Distributor Number Representative Number Telephone Number Address Training Supervisor's signature (Quebec Only) X Mr. Mrs. Miss Ms. Dr. Gender Male Female Language Preference English French Planholder's Name (last, first, middle) Planholder's Address City or Town Province Postal Code Residence Telephone Number Planholder's Address YYYY/MM/DD M A N -D A T O R Y Date of Birth Social Insurance Number (SIN) Country of Residency SunWise Elite Plus Guaranteed Minimum Withdrawal Benefit (GMWB) Payment Options - please select one* GWB Lifetime Option (LWA) GWB Withdrawal Period Option (GWA) 4 Annual Automatic Death Benefit Reset Rider (Class A and B units only) Earnings Enhancement Benefit (EEB) Rider Please see the front of this application for the minimum investment amounts and the age restrictions for electing the riders. For Partial Transfers from an existing CI account please specify the details below: Transfer in amount AMOUNT Instructions for Partial Transfers from an existing CI Account From CI Account Number Fund Code Amount to transfer from an existing CI Account $ or Will this transfer be reoccurring annually? Yes No (If yes please specify the date that you wish the automatic transfer to occur) Reoccuring Transfer Start Date PAC AMOUNT PAC amount $ * Please ensure you meet the minimum required amount for GMWB contracts. Payment Frequency (please select only one) Weekly Bi-weekly Monthly Bi-monthly Quarterly Semi-Annually Annually Payment Start Date Signature(s) Date: Signature(s) required on a joint bank account if all Depositors signatures are required on a cheque issued against the account. AWD AMOUNT (please select only one) An annual amount of $ Gross or Net of fees* The annual GWA/LWA (for SunWise Elite Plus Planholders only) Payment Frequency (please select only one) Weekly Bi-weekly Monthly Bi-monthly Quarterly Semi-Annually Annually Payment Start Date AWD Payment Method (please select only one) Deposit directly to bank account Mail to Planholder at address on file Mail to alternate address (Indicate address below) Address City Province Postal Code SECTION 5 > To elect one of the riders, please ensure that for: The GMWB rider, you use the five digit fund code ending with a P when selecting the fund codes for your deposit. The 4 Annual Automatic Death Benefit Reset rider, you make the election in this section when establishing the contract. The Earnings Enhancement Benefit (EEB) rider, you make the election in this section when establishing the contract. > To elect the GMWB rider within a TFSA, the value of the contract in combination with one other GMWB contract for which the client is the owner must meet the $25,000 GMWB minimum. > Only one GWB payment option is permitted for all classes under the contract. > Please ensure that the GWB payment option section is completed. If this section is left blank, any withdrawals under the GMWB rider will fall under the GWB Withdrawal Period Option (GWA). SECTION 6a > Note that there are different fund codes depending on the guarantee class, sales charge and election of the GMWB rider. > To elect the GMWB rider, use the five digit SunWise Elite Plus fund codes ending with a P. > A fund code list is provided at the end of this guide. > If applicable, fund instructions for section 7 (PAC) and section 8 (AWD) are entered in this section. > If transferring partial funds from an existing CI account, please ensure to notify us here and complete section 6b in full. SECTION 6b > If transferring partial funds from an existing CI account, please provide the fund(s) and the amount to surrender from your existing CI account in order to complete the transfer. > To automate contributions from an existing CI account, you may elect to establish an annual automatic re-occurring transfer. SECTION 7 > For joint bank accounts requiring both signatures, the joint owners must sign in this section. SECTION 8 > For SunWise Elite contracts with the GMWB rider, withdrawals in excess of the annual GWA/LWA may have a negative impact on future payments. Please see the SunWise Elite Including SunWise Elite Plus Information Folder and Individual Variable Annuity Contract for more details. > The GWA/LWA payment schedule can be postdated to commence at any time, including more than 15 years from the contract date. > LWA payments may only start after December 31 of the year in which the Annuitant (LWA Annuitant for Joint Annuitant policies) turns 65 (December 31/Age 65). > All redemptions from SunWise Elite Plus policies prior to December 31/Age 65 will be processed as a GWA payment and the GWB Payment Option will be changed to the GWB Withdrawal Period Option (GWA). 2

5 SECTION 9 > Required if requesting a PAC or AWD with direct deposit. > A void cheque must be provided. SECTION 10 > Employee s signature is required for group plans. SECTION 11 > Mandatory fields: planholder s signature, signature of witness, date and signed at. > If transferring from an existing CI account held in joint name, the joint owner(s) signature(s) is/are required if all signatures are required for processing a transaction on that account. SECTION 12 > Mandatory fields: representative s signature and date. 9 Banking Information Please complete for section 7 and/or 8 and attach a void cheque 10 Group TFSA 11 Planholder Acknowledgement/Authorization Bank Account Owner(s) Name(s) Bank Name Bank Number Bank Transit Number Bank Account Number I certify that I am an employee of the company or association named in this section and hereby authorize such employer or association to deduct from my earnings and remit contributions to the CI Investments Group Plan (as indicated in Section 6a) and to assist in the administration of the Plan as my agent. I understand that only the issuer has the authority to amend the arrangement and the ultimate responsibility for administering the arrangement lies with the issuer. Group Company Name Employee's Signature I, the Planholder, declare that all statements and answers made by me on this Application are fully complete and true. I hereby acknowledge having read the provisions contained in the Sun Life Privacy Statements for Canada and CI Investments Privacy Statements for Canada, contained in this Application, and I hereby agree to them. I have requested that this Application Form be drafted in the English language only. J ai demandé que le présent formulaire de demande soit rédigé uniquement en anglais. I, the Planholder, acknowledge receipt of the Individual Variable Annuity Contract and Information Folder and the financial highlights of the Funds prior to signing the Application. Will this Contract replace or cause a change in, or involve a loan under, any insurance or annuity policy on the Annuitant s life or owned by the Planholder? Yes No If yes, please complete the information below: Company and plan: By signing this Application I request Sun Life Assurance Company of Canada to file an election with the Minister of National Revenue to register the qualifying arrangement as a TFSA under section of the Income Tax Act. Planholder's Signature X Date Signature of Witness X Signed At (City and Province) Signature(s) required if transferring from a Joint Ownership Account where more than one signature is required in order to process a transaction on the account. Joint Owner(s) Signature I, the advisor, confirm that I have reviewed the details provided in this form with the applicant/policyholder and to the best of my knowledge, 12 Representative's Acknowledgement unless otherwise noted, these details are full, complete and true. I confirm that I have disclosed to the Planholder that I will receive compensation in the form of commissions or salary for the sale of this product and that I may also receive additional compensation in the from of bonuses or non-monetary benefits such as travel incentives or attendance at conferences. Representative's Signature X Date SUBJECT TO ANY APPLICABLE DEATH AND MATURITY GUARANTEES, ANY AMOUNT THAT IS ALLOCATED TO A SEGREGATED FUND IS INVESTED AT THE RISK OF THE CONTRACT HOLDER AND MAY INCREASE OR DECREASE IN VALUE. Nominee held FundSERV settled contracts Distributors and dealers who submit their trades using FundSERV and hold the contract in nominee name may use the SunWise Elite Including SunWise Elite Plus TFSA Rapid Application Form. The original client signed application must be delivered to the CI office upon trade settlement date. Tax-Free Savings Account Rapid Application Form January 2009 Only to be used by Nominee/Intermediaries establishing self-directed TFSA accounts via FundSERV SunWise Elite is an individual variable annuity contract issued by Sun Life Assurance Company of Canada, a member of the Sun Life Financial group of companies. > This form may only be used when establishing self-directed contracts through FundSERV. > The owner is required to be the annuitant for TFSA plan types as they are considered registered plans. > The owner must be a Canadian resident to establish a contract. > All applicable sections of the application must be completed in full and the application signed. issued by Sun Life Assurance Company of Canada managed by CI Investments Inc. 3 Tax-Free Savings Account (TFSA) Advisor Administration Guide

6 SUBJECT TO ANY APPLICABLE DEATH AND MATURITY GUARANTEES, ANY AMOUNT THAT IS ALLOCATED TO A SEGREGATED FUND 1 Nominee information 2 Distributor and Representative Information 3 Owner Information The owner is required to be the annuitant 4 Optional Riders By selecting any of these riders you acknowledge having read the applicable sections of the Information Folder and Individual Variable Annuity Contract and agree to the applicable fees. * We will default to the GWB Withdrawal Period Option if no selection is made and a GMWB fund code is selected. 5 GMWB Payment Plan Instructions Please select only one option *Withdrawals in excess of the annual GWA/LWA may have a negative impact on future guaranteed payments under the Guaranteed Minimum Withdrawal Benefit Rider. All payments will be made to the Nominee/Intermediary 6 Owner Acknowledgement/Authorization 7 Representative's Acknowledgement SunWise Elite Individual Variable Annuity Contract Tax-Free Savings Account (TFSA) Rapid Application Form Nominee/Intermediary name Wire order number Distributor's Name M A N D A T O R Y - Name of representative for trustee Client Dealer Account Number Mr. Mrs. Miss Ms. Dr. Gender Male Female Language Preference English French Owner's Name (last, first, middle) Owner's Address City or Town Province Postal Code Residence Telephone Number Owner's Address YYYY/MM/DD Date of Birth Social Insurance Number (SIN) Country of Residency SunWise Elite Plus Guaranteed Minimum Withdrawal Benefit (GMWB) Payment Options - please select one* GWB Lifetime Option (LWA) Representative's Name Distributor Number Representative Number Telephone Number Address Training Supervisor's signature (Quebec Only) X Your signature on this form confirms that you have received the Information Folder/Contract with the financial highlights of the funds and Policy prior to signing this application, and that: you agree that the information you provided is complete and accurate; you understand that CI Invesments Inc. and/or Sun Life Assurance Company of Canada shall not be liable for following the instructions provided by the representative/distributor; you understand that the effective date of the policy will be the date shown on the confirmation notice as the effective date of the first premium deposit; you have asked to receive this and all related documents in English. Vous avez demandé que la présente proposition et les documents s y rapportant soient rédigés en anglais; you authorize CI to deliver confirmations, statements and other documents to the distributor and to accept instructions from the distributor to execute financial and non-financial transactions including, but not limited to purchases, transfers and resets in accordance to your instructions and the policy provisions. I hereby acknowledge having read the provisions contained in the "Sun Life Privacy Statements for Canada" and "CI Investments Privacy Statements for Canada", contained in this Application, and I hereby agree to them. Owner's Signature X Date Signature of Witness X Signed At (City and Province) I, the advisor, confirm that I have reviewed the details provided in this form with the Owner and to the best of my knowledge, unless otherwise noted, these details are full, complete and true. I confirm that I have disclosed to the Owner that I will receive compensation in the form of commissions or salary for the sale of this product and that I may also receive additional compensation in the from of bonuses or non-monetary benefits such as travel incentives or attendance at conferences. Representative's Signature X Date IS INVESTED AT THE RISK OF THE CONTRACT HOLDER AND MAY INCREASE OR DECREASE IN VALUE. GWB Withdrawal Period Option (GWA) 4 Annual Automatic Death Benefit Reset Rider (Class A and B units only) Earnings Enhancement Benefit (EEB) Rider Please see the front of this application for the minimum investment amounts and the age restrictions for electing the riders. An annual amount of $ Gross or Net of fees* The annual GWA/LWA (for SunWise Elite Plus contract holders only) Payment Frequency (please select only one) Monthly Quarterly Sem-Annually Annually Fund Code Payment Start Date Surrender Amount $ or SWE RPD TFSA-12-08_E SECTION 3 > Mandatory fields: The owner s date of birth, social insurance number (SIN) and country of residency. SECTION 4 > To elect one of the riders, please ensure that for: The SunWise Elite Plus Guaranteed Minimum Withdrawal Benefit rider (GMWB), you use the five digit fund code ending with a P when selecting the fund codes for your deposit. The 4 Annual Automatic Death Benefit Reset rider, you make the election when establishing the contract. The Earnings Enhancement Benefit (EEB) rider, you make the election when establishing the contract. > To elect the GMWB rider within a TFSA, the value of the contract in combination with one other GMWB contract for which the client is the owner must meet the $25,000 GMWB minimum. > Only one GWB payment option is permitted for all classes under the contract. > Please ensure that the GWB payment option section is completed. If this section is left blank, any withdrawals under the GMWB rider will fall under the GWB Withdrawal Period Option (GWA). SECTION 5 > GMWB payment instructions must be provided in this section. > Payments will be made to the nominee/intermediary, not to the plan holder, as the TFSA is a registered plan. > For SunWise Elite contracts with the GMWB rider, withdrawals in excess of the annual GWA/LWA may have a negative impact on future payments. Please see the SunWise Elite Including SunWise Elite Plus Information Folder and Individual Variable Annuity Contract for more details. > The GWA/LWA payment schedule can be postdated to commence at any time, including more than 15 years from the contract date. > LWA payments may only start after December 31 of the year in which the Annuitant (LWA Annuitant for Joint Annuitant policies) turns 65 (December 31/Age 65). > All redemptions from SunWise Elite Plus policies prior to December 31/Age 65 will be processed as a GWA payment and the GWB Payment Option will be changed to the GWB Withdrawal Period Option (GWA). SECTION 6 > Mandatory fields: owner s signature, signature of witness, date and signed at. SECTION 7 > Mandatory fields: representative s signature and date. SWE RPD TFSA-12-08_E 4

7 For a more detailed explanation of the innovative features and benefits of SunWise Elite Including SunWise Elite Plus, please visit Sun Life Assurance Company of Canada, a member of the Sun Life Financial group of companies, is the sole issuer of the individual variable annuity contract providing for investment in SunWise Elite segregated funds. A description of the key features of the applicable individual variable annuity contract is contained in the Information Folder. SUBJECT TO ANY APPLICABLE DEATH AND MATURITY GUARANTEES, ANY AMOUNT THAT IS ALLOCATED TO A SEGREGATED FUND IS INVESTED AT THE RISK OF THE CONTRACT HOLDER AND MAY INCREASE OR DECREASE IN VALUE ACCORDING TO FLUCTUATIONS IN THE MARKET VALUE. CI Investments and the CI Investments design are registered trademarks of CI Investments Inc. SunWise is a registered trademark of Sun Life Assurance Company of Canada. AIM and all associated trademarks are trademarks of Invesco Aim Management Group, Inc., used under licence. *Trimark and all associated trademarks are trademarks of Invesco Trimark Ltd. Fidelity Investments and the Fidelity design are registered trademarks of FMR Corp. RBC Asset Management is a registered trademark of Royal Bank of Canada. TM TD Asset Management is a trademark of The Toronto- Dominion Bank, used under licence. Franklin Templeton Investments, Franklin Templeton Investments Quotential Program and/or Franklin Templeton Investments and design are registered trademarks of Franklin Templeton Investments Corp. Sun Life Assurance Company of Canada 227 King Street South P.O. Box 1601 STN Waterloo Waterloo, Ontario N2J 4C5 2 Queen Street East, Twentieth Floor, Toronto, Ontario M5C 3G7 I Head Office / Toronto Calgary Montreal Vancouver Client Services English: French: FOR ADVISOR USE ONLY SWE_TFSA_ADM_GUI_01/09E