BMO Insurance | New FATCA Rules

Effective July 1st, 2014, policy owners of Universal Life, Traditional Whole Life, Non-Registered Single Premium Immediate Annuity and Non-Registered Guaranteed Investment Funds are required to self-certify whether or not they are a U.S. Person. BMO Insurance has created 2 new forms for clients to complete.

Advisors will receive an email on June 16th, 2014 that will include information on the Foreign Account Tax Compliance Act (FATCA) , where the forms are located and how the forms should be completed. Please see the attached document for more details.