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Effective immediately, SmartApp now supports 3rd party owners and payors on non face-to-face (NF2F) applications.
When completing a NF2F Smart App, where the owner or payor is a 3rd party, please remember that you are required to complete the following AML forms:
Owner or Payor Relationship* | Form Required | Type of Product | How to add to SmartApp |
3rd Party non-Entity (Individual) | Dual Process Verification of Identity, 798 | ► | Universal life insurance
| ► | BMO Insurance Whole Life with Additional Payment Option (APO) |
| Download form from BMO Insurance Advisor site.
The completed and signed form must be attached to the application in the Additional Documents section on the eSignatures screen. |
3rd Party Entity | Entity Verification, 715 | ► | Universal life insurance
| ► | BMO Insurance Whole Life with Additional Payment Option (APO) |
| The required forms are automatically generated with the illustration from The Wave software**.
The completed and signed form must be attached to the application in the Additional Documents section on the eSignatures screen. |
* If the owner and payor are both 3rd parties, separate forms are required for each.
** In the case of 3rd Party Entity payors, this form can be downloaded from the BMO Insurance Advisor site.
