Procedures and Training
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The information in this document is subject to change without notice.
For advisor use only. This document is not intended for public distribution.
The Standard Life Assurance Company of Canada
March 2010
Structured Settlement Annuity
The following topics provide the guidelines for establishing a Structured Settlement Annuity:
Quotations
Types of cheques permitted
Application form
Evidence of age
Rate Basis Guarantee
Assignment of liability
Submitting documentation and cheques
Enriched annuity quotations
Premiums over $3 million
Quotations
Structured Settlement Annuity quotations are available from our Wealthcare software.
A quotation must be submitted as part of the documentation to establish a Structured Settlement
Annuity.
Sales offices must request quotations for premiums over $3 million through
custom.quotes@standardlife.ca. For further details see Premiums over $3 million.
Standard Life offers special rates where the life expectancy of the Measuring Life is shorter than normal
life expectancy due to some illness or disability. For more information see Enriched annuity quotations.
Types of cheques permitted
Cheque from the Casualty/Insurance Company payable to The Standard Life Assurance Company of
Canada or Standard Life Canada.
Cheque drawn on the lawyer’s “In-Trust” bank account payable to The Standard Life Assurance
Company of Canada or Standard Life Canada.
Cheque drawn on the Insurance Representative’s “In-Trust” bank account payable to The Standard Life
Assurance Company of Canada or Standard Life Canada. Provide a copy of the original cheque payable
to the Insurance Representative from the Casualty/Insurance Company or from the lawyer. If a copy of
the original cheque is not available, provide a document or letter from the Casualty/Insurance Company
indicating that the funds are to purchase a Structured Settlement Annuity.
Procedur