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AIA Insurance asking for W9 U.S. tax forms to be filled out

Featured Replies

Can anyone tell me why AIA wants my social security number?

 

I have a small plan with Cigna already and they didn't ask for this.

 

Thanks.

Life insurance - possible money laundering 

  • Author
1 hour ago, JoePai said:

Life insurance - possible money laundering 

 

Lol, I was told this...

 

"Because of FATCA, they have to have this in their files as due diligence.."

if it is "whole life", then the insurance policy is very similar to a savings account, which might make it fall under US FATCA. Would not make sense for term life.

  • Author
On 9/5/2019 at 3:49 PM, timendres said:

if it is "whole life", then the insurance policy is very similar to a savings account, which might make it fall under US FATCA. Would not make sense for term life.

Not term life, and not in patient health insurance, accident or health related.

 

Thanks.

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