W 9 Insurance Form

An insurance bill is the same as paying taxes paying your water or your electric bill.

W 9 insurance form. W 9 forms while typically the interest of the irs and similar government agencies can also provide insurance companies with key information making w 9 forms for insurance an expedient method of sending insurers the required data. Skip to main content. Person including a resident alien to provide your correct tin to the person requesting it the requester and when applicable to. Use form w 9 only if you are a u s.

W 9 forms are easy to fill out and a request for one by an insurer should not trouble you. Insurance form w 9 and irs this is very crucial for the irs as the form 1099 details the amount of money you re going to get and how much the insurance company pays. One of the best examples of another purpose of the form w 9 is when the death beneficiary of life insurance gets the death benefit. Download our irs w 9 forms online based on family benefits advisors group incorporated japan new york.

Form w 9 is used to provide a correct tin to payers or brokers required to file information returns with irs. An insurance agent said something like this is an insurance bill. Certify that you are not subject to backup withholding or 3. An individual or entity form w 9 requester who is required to file an information return with the irs must obtain your correct taxpayer identification number tin which may be your social security number ssn individual taxpayer identification number itin adoption taxpayer identification number atin or employer identification number ein to report on an information return the amount paid to you or other amount reportable on an information return.

So to avoid any disruptions we suggest filing form w 9 as soon as the insurance company asks for it. Life insurance w 9 the use of form w 9 goes beyond freelancers and private contractors. After all the w 9 is used for requesting the taxpayer identification number of an individual. Certify that the tin you are giving is correct or you are waiting for a number to be issued 2.

The requirement for a w 9 is legal and enforceable under irs rules. The non technical reason is that the insurance company has no obligation to you and if you don t fill out the form you don t get the money. A w 9 is a convenient and consistent way for an insurance company or any kind of business to keep those records. Aflac provides supplemental insurance for individuals and groups to help pay benefits major medical doesn t cover.

Visit aflac for more information.