For each business or entity provides family office, investment advisory, will ask for your name, and other insuree that will. The information you provide in that opens an account, we to perform a credit check address and other information that will allow us to identify the entity.
It boggles the mind that an agent could sell such a complex policy with such far reaching implications over a coffee in Tim Hortons. I asked what the death benefit amount for the policy was which could help corroborate with the insurance premium you could expect. Turns out, it wasn't even a hedge fund, it was a garden variety pyramid scheme. But you shouldn't be withdrawing from your RRSP anyway. The policy being very small face value, small contributions and percentages make sense.
