BMO Life Assurance Company policies

Pluses:

1. They have a very well-priced term insurance line, that's including term 10, term 20, and term 30 policies.
2. The universal life plans offer over 400 different investment options.

Minuses:

1. They do not offer disability insurance.
2. They do not offer participating whole life policies.

Back to BMO LIfe Insurance Company

News about BMO Life Assurance Company

• BMO Releases 2011 Annual Report

  02/02/2012

    On January 30, BMO Financial Group, the parent company of the Bank of Montreal and BMO Life Insurance, released their 2011 Annual Report on their website. It revealed that the company took in a reported net income of $3,266 million during the fiscal year, which is up 16 per cent or $456 million from the [...]

• Cash Back Life Insurance

  01/21/2012

  Whole Life insurance has a built-in cash value. Photo by Garry Knight Life insurance policies in Canada are primarily divided into two categories, Term Life Insurance and Permanent Life Insurance. Term Life insurance policies have level premiums for a stated term, i.e. 10, 20, or 30 years. In most instances, Term Life insurance policies do [...]

• BMO Critical Illness Insurance

  12/06/2011

  BMO Insurance has five critical illness plans. Photo by Okko Pyykko BMO insurance offers five Critical Illness plans. The minimum face amount for each of the five plans is $25,000. The maximum issue limit is $2 million for the first four plans and $1 million for their 15-pay Living Benefit 100 Critical Illness policy. The [...]

• BMO Insurance Policy Fee Discounts: Combine and Save

  11/04/2011

  Save money by bundling insurance riders. Photo by Duckie Monster BMO insurance offers policy fee discounts to applicants who add riders to their base policies. The reason for the discount is because when additional coverage is added as a rider, it is not subject to the same policy fees as stand-alone policies. This can result [...]

• Universal Life Rates Are Set to Go Up Again

  11/01/2011

  Low interest rates may provide opportunity for insurance shoppers. Photo by Colin The National Post, The Globe and Mail, and the Insurance and Investment Journal have all recently run stories on the upheaval taking place in the Canadian life insurance industry. Historically low interest rates are wreaking havoc on permanent Life policies in Canada. Manulife Financial [...]

• Why Low Interest Rates are Bad News for Canadian Life Insurance Companies

  10/31/2011

  Low interest rates hurts insurance selection and cost. Photo by Joshua Williams The Bank of Canada's overnight lending rate has remained at 1% since September 2010 in order to stimulate growth during the global economic downturn and rising risks, according to iPolitics. This is bad news for Canada's insurance industry. Insurance companies rely on interest from [...]

• BMO Insurance Life Dimensions and Life Provider Universal Plan

  10/31/2011

  BMO offers two universal life plans. Photo by Ben Smith. BMO Insurance offers two of the most competitively priced plans in the Canadian insurance market. Both its Universal Life plans — Life Dimensions and Life Provider — offer both an increasing and level cost of insurance option. Increasing cost of insurance plans typically start off with a [...]

• BMO Insurance Solutions

  10/26/2011

  BMO has a fleet of independent brokers. BMO Insurance offers a whole host of life and living benefit insurance plans. Its product offering is split into two channels: 1) They offer policies direct to the consumer at www.bmolife.com, through their call centre and through their independent broker network. BMO Direct plans include its Easy Term [...]

• The Four Tax Benefits of Universal Life Insurance

  10/09/2011

  Universal Life Insurance can provide a tax haven. Photo by Garry Knight Universal life insurance can provide a tax haven for many Canadians. The following are four key tax advantages of universal life insurance. 1. Accumulation fund grows on a tax-sheltered basis. Each universal life policy has a minimum and maximum premium. The minimum premium [...]

• Life Insurance for People Over 60

  08/24/2011

  Those over 60 can get life insurance. Photo by Mrhayata Life insurance for people over 60 can range in cost significantly from company to company. Insured over 60 have a choice between term coverage, which starts off lower in cost and increases as the insured gets older, and permanent life insurance, which starts off at [...]

• 50 Plus Life Insurance

  08/24/2011

  People 50 and older can still get life insurance. Photo by Lin Mei Life insurance for people 50-years-old and older can range in cost greatly from company to company. Insured can choose between term policies, which start off lower in cost and increase as the insured ages, and permanent policies, where the premiums are initially [...]

• BMOinsurance.com

  08/01/2011

  Buy BMO insurance products direct through their website. It's patently obvious to everyone that BMOinsurance.com is BMO Insurance's website, but did you know it's also the destination for buying their insurance products direct? Their flagship direct life insurance plan is BMO Guaranteed Life Plus. This plan is a guaranteed-issue policy, which provides coverage with no [...]

• BMO Life Insurance Company

  07/26/2011

    Founded in 1817 as the Bank of Montreal, the group provides a broad range of retail banking, wealth management, and investment solutions to more than 7 million clients across Canada. BMO Life Insurance Company of Canada offers a full line-up of term life insurance policies, non-participating whole life policies, and universal life policies. They [...]

• Why Are Whole Life Insurance Rates and Universal Life Rates Increasing in Canada?

  07/20/2011

  Universal Life rates are rising. Photo by wlodi Manulife Financial was the first major insurance company to raise its Universal Life Level Cost of Insurance rates. This has been followed by a slew of increases among other insurance carriers in Canada. Canada Life, RBC, BMO, and Industrial Alliance have all raised their Universal Life Level [...]

• Affordable But High Quality Term Life Insurance Policies in Canada

  07/19/2011

  Life insurance Companies that offer high quality at affordable rates. Photo by Duckie Monster LSM Insurance works with over 15 different carriers and offers terms on life insurance ranging from five years to age 100. The following is a list of the top Term Life insurance carriers in Canada for a 50-year-old male, non-smoker applying [...]

• How TD’s 10 Year Term Life Insurance Policy Compares to their Competition

  06/27/2011

  Comparing policy rates can save applicants' money. Photo by Duckie Monster Toronto Dominion's 10-year term life insurance policy is offered through its TD Life Insurance Division. The policy is available in face amounts of $50,000 to $5 million, and the premiums are fixed for the first ten policy years. The following chart compares TD Bank's [...]

• BMO Insurance Lowers Term 10 and Term 20 Rates

  06/08/2011

  BMO Insurance is lowering their term rates. Photo by Colin. On May 16, 2011, BMO Insurance lowered their term rates. This is great news since BMO's Term 10 and Term 20 plans are among the best priced plans in the Canadian insurance market. The policies offer the following built-in features: A discount for non-smokers Preferred [...]

• Ask Our Experts Your Life Insurance Questions

  06/07/2011

  Our team can answer any question. LSM Insurance has been providing life insurance solutions to Canadians for just under 20 years. Our team of experts helps unravel the mystery of life insurance and answer questions like the following: How much life insurance do you need? What is the best type of life insurance plan? Which [...]

• BMO Insurance Announces Multi-Policy Discount

  06/07/2011

  Now is the perfect time to get a critical illness insurance for your family. Photo by Ted Bongiovanni BMO Insurance recently announced a multi-life discount for all living benefits (Critical Illness, Disability, etc.) applications submitted on or after May 16, 2011. However, applicants can only qualify for the discount if they meet the following criteria: [...]

• What is Guaranteed Acceptance Life Insurance?

  05/29/2011

  No combined smoker/non-smoker rates on Simplified Issue policies. Photo by John Verive Guaranteed Acceptance Life Insurance is another name for Guaranteed Issue Life Insurance. Guaranteed Acceptance policies provide the insured life insurance protection without medical tests and without having to answer any health questions. This differs from 'No Medical' Simplified Issue Life Insurance, in that, [...]

• Comparing 10, 15, and 20-Year Term Insurance Rates

  05/15/2011

  Think about how long you need insurance when considering a term plan. Photo by Doug Sheffer Term insurance policies provide level premiums for a stated term. As a rule of thumb, the longer the term, the higher the initial premium. The reason is that the insurance company carries a greater risk because you have a [...]

• Term 20 Life Insurance for Seniors

  04/30/2011

  Term insurance is an effective way to manage debt. Photo by Luciano Meirelles Vov e Vov An increasing number of Canadians are struggling under higher debt loads. In fact, a recent article in The Globe and Mail revealed that 44% of Canadians are carrying debt into their retirement. This debt comes in the form of [...]

• No Medical Life Insurance: Understanding the Two-Year Waiting Period

  03/14/2011

  The two life insurance issuing categories. Photo by Chelsea Oakes No medical life insurance policies are always broken down into the following two categories: 1. Guaranteed-issue Life Insurance, which has no health questions and no medical tests. BMO Insurance is a leading provider of Guaranteed Issue plans – selling its flagship plan, Guaranteed Life Plus, [...]

• BMO Insurance: Universal Life and Helping Hands

  03/02/2011

  Need help? Put your faith in the helping hands benefit. BMO insurance offers a built-in assistance program called Helping Hands to all of its Universal Life provider policy holders. The Helping Hands Benefit Program comes at no cost and is available to the client and their immediate family members. Those who use it are privy [...]

• Who Hasn’t Raised Their Universal Life Rates?

  02/22/2011

  Whose universal insurance rates haven't soared? Photo by Phil Brown Which companies haven't raised their Universal Life rates? In the past few months, several of the leading life insurance companies in Canada have raised their universal life level-cost-of-insurance rates in response to historically low interest rates and reduced profitability. The list of companies that spiked [...]

• BMO Easy Term vs. Preferred Term Life insurance

  02/08/2011

  Make the choice between BMO's Easy Term and Preferred Term plans. Photo by Ben W BMO Insurance offers the following term policies: Easy Term, which is sold online or via BMO's call center, or Preferred Term, which is available through BMO's independent broker network. Some of the other differences are listed below: Easy Term is [...]

• Bank of Montreal’s Mortgage Life Insurance Policy

  12/12/2010

  Mortgage Life Insurance is available from Bank of Montreal. Bank of Montreal Mortgage Life Insurance is available directly through the insured's lender. The policies cover the outstanding mortgage balance at the time of death, up to a maximum of $600,000. A maximum of two people can be covered under the policy and the policies are [...]

• Comparing BMO Mortgage, Life, and Disability Insurance Vs. Individual BMO Insurance Policies

  12/12/2010

  Disability and life insurance can be paid through your mortgage policy. Photo by Christopher Chappelear Bank of Montreal offers a mortgage, life, and disability insurance policy, which is available through the insured's mortgage lender. The insured has the option of choosing mortgage life insurance or mortgage, life, and disability insurance coverage. Mortgage disability insurance cannot [...]

• Costco Term Life Insurance Policy

  11/18/2010

  Considering Costco? Photo by Ben W Costco members between the ages of 18 and 70 can apply for term life insurance for themselves or their spouses for up to $500,000. The policies are priced in $25,000 increments and the minimum face amount is $50,000. Additional policy features. 1. The insured can get up to $100,000 [...]

• BMO Insurances Easy Term Life Insurance

  11/02/2010

  Check out the features of BMO Easy Term Photo by Lobster Stew BMO Insurance Easy Term plan* is sold directly by BMO's call center. The plan provides the following features: 1. The premiums are level for the first 10 policy years. 2. The plan is guaranteed renewable until age 85 and guaranteed convertible to age [...]

• Critical Illness Term to 75

  11/02/2010

  The Ins and Outs of Critical Illness Term to 75. (Effective January 1, 2012, Standard Life will no longer sell individual life insurance and critical illness policies). Critical Illness Term to 75 coverage provides level premiums and pays out a Lump Sum Benefit should the insured be diagnosed with a listed Critical Illness and survive [...]

• TD Insurance’s Business Credit Life Insurance

  10/17/2010

  A look at TD's Business Credit Life Insurance. Photo by Lee Chisholm TD Insurance offers business credit life insurance to authorize borrowers who are Canadian residents are between age 18 to 69. The policy is available directly through TD Insurance's call center with the following features: 1) Applicants can get coverage of up to $500,000 [...]

• BMO Insurances Universal Life Solutions: Life Provider

  10/16/2010

  Six benefits on the horizon from BMO Life Provider. Photo by Bruceley BMO Insurance’s Life Provider Universal Life plan has offers the following six key benefits: 1. Coverage is available with face amounts as low as $25,000. 2. There is a built-in re-balancing feature on Market Portfolio Index Accounts to keep investments aligned with the [...]

• ScotiaLife Financial Term 10 Insurance

  10/16/2010

  ScotiaLife Financial's Term 10 is not favorable when compared to its competitors. Photo by John Lambert Pearson ScotiaLife Financial offers a Term 10 life insurance direct through it's call centers. The plan is available to Scotia Bank customers, ages 18 to 65, who are Canadian residents. The policy is classified as a group plan and [...]

• Understanding Universal Life Insurance

  10/01/2010

  Protect your family for life. Universal life insurance gives protection for the insured’s lifetime. Universal life insurance separates the cash value component of permanent life insurance. The premiums are flexible and the investment component is optional, unlike Whole Life policies, where the cash value component is built in. You can start or stop your premium [...]

• Life Insurance in Canada: Smoker versus Non-Smoker Rates

  09/13/2010

  Smoker by Valentin Ottone If you smoke and are looking to buy life insurance in Canada, you can expect to pay a much higher premium than a non-smoker. On Term policies the premiums can be more than double on permanent plans the difference in rates is less pronounced. The insurance definition of a smoker is [...]

• Term Insurance versus Permanent Insurance

  09/08/2010

  Learn the difference between Term and Permanent insurance for your family's sake. Term insurance policies offer premiums level for a stated term, as opposed to permanent insurance policies, which offer premiums level for the insured's lifetime. The following are additional differences between Term and Permanent life insurance policies. Term life policies: 1. Most Term policies [...]

• BMO Guaranteed Life Plus vs. The Easy One Life Insurance Application

  09/06/2010

  You don't need to visit BMO to buy their plans. Photo by Paul. BMO Insurance offers two non-medical life insurance policies. Both plans are sold via their call center and not through their broker network.The first plan is BMO's Guaranteed Life Plus, which is a Guaranteed Issue Plan. Individuals age 40 to 75 will qualify [...]

• BMO’s Children’s Life Insurance Plan

  08/27/2010

  It's a good idea to insure your kids. Family by Ted Bongiovanni BMO Insurance offers a children's life insurance plan sold directly via its call center and not its broker network. The plan is called the “Headstart in Life Plan.” The plan has premiums which start at $7.20 a month. Parents can pay premiums for [...]

• Five Facts about BMO Insurance

  08/27/2010

  BMO Insurance’s Easy One plan is a non-medical life insurance - simplified issue plan sold directly via the BMO call center and is not available through its broker network. The plan features are below: 1. It is available to applicants age 50 to 75. 2. There are no medical tests, but the insured does have [...]

• Term Life Insurance for Seniors

  08/05/2010

  There are many Term Insurance options for seniors. Photo by Craig Cloutier. If you are a senior looking for Term life insurance, consider the following: Term life insurance policies for seniors are generally broken down into two categories. 1. Traditional life insurance policies, which ask a series of health questions and require medical tests. This [...]

• Whole Life Insurance for Seniors

  07/30/2010

    There are a variety of life insurance options for seniors. Photo by Manuel Mc Whole Life policies for seniors can generally be broken down into three categories: 1. Traditional Whole Life policies, which ask a series of health questions and require a medical test. 2. Simplified Issue Whole Life policies, which ask a shorter [...]

• Comparing Non-Medical Life Insurance Simplified Issue Plan

  06/15/2010

  Don't get frustrated, find a non-medical plan that's right for you Photo by Tim Samoff. Simplified issue life insurance policies are available without a medical and have anywhere from 3 to 12 health questions. This chart below compares three of the leading simplified issue non-medical life insurance BMO insurance, assumption life, and Canada Protection Plan [...]

• Comparing Mortgage Life Insurance Rates Among the Big Five Banks

  06/02/2010

  Mortgage life insurance does not stack up against an individual life plan. Most Canadians who take out a mortgage with one of the big five banks are also offered a mortgage life insurance policy which will pay off the insured's mortgage if he or she dies during the mortgage period. On the surface, this seems [...]

• BMO Insurance adds ETFs to its Universal Life Dimesion Plan

  05/29/2010

  Make money with ETF investments.  Photo by Duckie Monster BMO Insurance has paired its Universal Life Dimension Plan with an Exchange Traded Funds investment opportunity. It is offering ten exclusive ETF market indexed accounts with 19 different market indexes to choose from. ETFs are open-ended funds that are listed and traded on a stock exchange [...]

• BMO Easy One Life Insurance Pricing

  05/19/2010

  Old Man by mrhayata BMO Insurance's Easy One application is sold directly by BMO Insurance and is not available via its independent broker channel. The plan provides lifetime protection and immediate coverage. The insured must answer a health declaration verifying that they do not have a serious illness. The coverage amounts are $2,500, $5,000, $10,000 [...]

• Non-Medical Life Insurance: Should I Buy Direct or Through a Broker?

  05/10/2010

  Non-medical categories? Photo by Petras Gagilas Non-medical Life Insurance can be divided into two categories. 1) Guaranteed Issue coverage where there are no health questions and no medical tests and 2) Simplified Issue coverage where there are generally three to twelve health questions and no medical tests. Most Non-medical life insurance plans sold directly through [...]

• Term Life Insurance Rates and Renewal

  05/06/2010

  Make sure your health hasn't changed photo by thinkpanama Term life insurance rates have been decreasing consistently over the last decade. There are two reasons for this: 1. People are living longer. 2. Competition is heating up among insurance carriers. Canada Life, RBC Insurance, and BMO Insurance have all recently reduced their term life premiums. [...]

• A.M. Best Ratings for 2009-2010

  04/23/2010

  Most credit scores of insurance companies are stable Photo by Balazs Gal A.M. Best is a credit rating company for the insurance and banking sectors. Consumers use it to assess the financial strength and credit worthiness of their lending institutions. The following are the ratings for March 2010 and the fourth quarter of 2009: AM [...]

• BMO Insurance’s Well Woman Cancer Insurance Versus Critical Illness Insurance

  04/22/2010

  Should you get BMO Well Woman Insurance? Photo by Ivan Emelyanov BMO Insurance's Well Woman Insurance covers the insured, if they are diagnosed with cancer of the breast, fallopian tubes, cervix, ovaries, uterus, vagina or vulva. The plan provides cash on diagnosis, a monthly income benefit for a year and cash, while the insured is [...]

• BMO Insurance – Affordable Critical Illness Protection

  04/05/2010

    Effective April 8, 2010, BMO Insurance has reduced the rates on its Critical Illness Term 10 and Term 20 policies. BMO Insurance's living benefit term 10 and 20 plans – are among the most affordable rates in the industry and cover 25 conditions, including loss of independence. Loss of independence is automatically built into [...]

• Critical Illness Insurance: Is It Really Necessary?

  04/05/2010

    Critical Illness insurance can support you if you get one. Photo by thinkpanama. When determining whether a Critical Illness plan is really necessary, Canadians may want to consider the following stats: 1. Home care expenses. Registered practical nurses, average cost $45.00 to $50.00 an hour. Personal support workers, average cost $22.00 to $28.00 an [...]

• Universal Life Insurance: Increasing Versus Level Death Benefits

  04/05/2010

  Your Family is your biggest investment, so try Universal Life Universal life policies began increasing in popularity in Canada during the 1980s with the introduction of rising interest rates. Consumers at that time wanted to take advantage of rising interest rates within a tax sheltered environment and Universal policies afforded them that opportunity. Universal Life [...]

• BMO Insurance: Bundle Up and Save

  04/03/2010

    BMO Insurance allows applicants to add a Term 10 or Term 20 rider to any of their traditional, Whole Life or Universal Life plans and they won't charge an additional policy fee, making their term insurance rates even more affordable. Policy fees are a built-in cost associated with an administration of a life insurance [...]

• Life Insurance Policy Fees

  04/02/2010

  Don't let policy fees nickel and dime you by Garry Knight Life insurance policy fees are a built-in fee, which covers the administration of the policy. The fee is hidden within the premium, but can be found with the policy document. The following is a summary of term 10 policy fees charged by Canadian insures. [...]

• BMO Term Insurance: Should I Buy Direct, or Through an Independent Broker?

  04/01/2010

  Foucault pendulum by Svein Halvorsen BMO Insurance offers a variety of competitively priced term insurance policies sold through two distribution channels: 1)Direct; applications are completed online or by phone. 2)Independent Insurance Brokers; applications are completed by brokers.   The following is a comparison of buying a BMO term policy Direct or through Independent broker: Face [...]

• Best Term 100 Life Insurance Plans in Canada

  03/31/2010

  find out rates for a 50-year-old, male non-smoker. Photo by Luciano Meirelles Term 100 life insurance is essentially a stripped-down form of whole life insurance. The premiums are level for life and the policy provides lifetime protection. Unlike whole life policies, there are generally no cash values that build within the plan. This generally translates [...]

• Life Insurance and the Terminal Illness Benefit

  03/19/2010

  End up here? Get an advance on your life policy Most Canadian Life Insurance companies offer a Terminal Illness Benefit, which pays out a lump sum payout as an advance on the insured's life insurance policy if he or she is diagnosed by a physician as having less than one, or sometimes two, years to [...]

• Guaranteed Issue Life Insurance: Understanding the Two-Year Wait Period

  03/16/2010

  Talk to your insurance broker about simplified or guaranteed issue. Guaranteed issue life insurance policies are available without a medical and with no health questions. One big caveat with guaranteed issue life insurance is that if the insured passes away in the first two years by a non-accidental death, the death benefit is usually limited [...]

• BMOs Accidental Death Benefit Program

  02/26/2010

  
  photo by Stephane Tougard

  BMO Insurance offers a series of plans which are available directly through their call centre and via direct mail campaigns. Among these direct plans is their Accidental Death Program. It's a stand alone accidental policy and applicants can qualify for $50,000.00 to $250,000.00 of accidental death protection without a medical. The premiums on the plan are as follows:

• A Synopsis of Guaranteed Life Insurance Policies in Canada

  02/15/2010

  The best and worst GI Plans laid out just for you. Photo by Colin Guaranteed issue life insurance coverage is available without a medical and there are no health questions - acceptance is guaranteed. However, because of the generally high premiums, limited benefit amounts and numerous coverage restrictions, this type of coverage should generally be [...]

• BMO Insurance Offers LifeProvider

  01/29/2010

  Get free medical advice with LifeProvider. Photo by Jane Liu. Family. Work. Relationships. Life. It can get overwhelming at times, even when it's going well. But it can all be thrown into chaos when there is an illness, or a family member suddenly requires special assistance, or a loved one passes away. Luckily, there are [...]

• Life Insurance with Accidental Death: Is it a Good Deal?

  01/13/2010

  Is Accidental Death a good deal? Credit: Ben W Many Canadians are often bombarded by life insurance companies approaching them for accidental life insurance special offers. Sun Life, Industrial Alliance and BMO Insurance all offer direct-mail campaigns and virtually every other life insurance company offers accidental death insurance as an add on to it's life [...]

• BMO Guaranteed Life Plus Pricing

  12/16/2009

    BMO Insurance's Guaranteed Life Plus is only available through BMO's call centre and not through its broker network. The plus with the plan is there are no health questions, but the plan does not pack a lot of insurance for your premiums dollar. The death benefit on non-accidental deaths is also limited to a [...]

• Canada’s Best Universal Life Policies

  12/11/2009

  
  What company has the best
  Universal life offering in Canada?
  photo by Frank Steele

  "You wanted the best, you got the best" is not just a line that works for rock 'n' roll, but Universal Life insurance as well. The following is a list of Canada's top Universal Life policies for a 40-year-old female, 40-year-old male non-smoker, and a 40-year-old female non-smoker at coverage amounts of $250,000.00, with a level cost of insurance option.

  Universal life policies are available with either an increasing cost of insurance option, or a level cost option. The level cost option guarantees the cost of insurance will remained fixed for life.

  Key advantages for each company:

• BMO Insurance’s EasyOne Life Non-Medical Life Insurance

  11/19/2009

  
  EasyOne is better than
  Guaranteed Life Plus.
  Photo by Tom Grundy

  BMO's EasyOne Life Plan is available through BMO's call centre. The plan is an alternative to their Guaranteed Life Plus Plan and has the following features:

  1. Coverge takes effect from day one, unlike BMO's Guaranteed Life Plus Plan.
  2. Face amounts range from $2,500 to $15,000.
  3. Smokers and non-smokers get the same rate.
  4. Applicants must be between ages 50 to 75.

• BMO Insurance’s Guaranteed Life An In Depth Analysis

  11/17/2009

  
  BMO's Guaranteed Life
  Plus Plan may not be all
  it is cracked up to be.
  photo by Eric Wardy

   BMO Insurance's Guaranteed Life Plus is only available through BMO's call centre and not through its broker network. The first of many strikes against a plan that may sound pretty decent on the surface, but underneath has many underlying issues.

• BMO Insurance 20-Pay Whole Life Plan: High Premiums, But Strong Paid-Up Values

  11/06/2009

    BMO Insurance offers a wide variety of permanent life insurance policies, some are very competitive, while others could leave you over-paying. BMO's 20-pay, Non-participating Whole Life plan has a high ticket price, (in some instances, up to 70% above that of its competitors) but it also has very aggressive cash values and industry leading [...]

• BMO Insurance Offers Three Unique Term 100 Solutions

  11/04/2009

  Term 100 Policies provide premiums level for life and lifetime protection. Traditionally, Term 100 policies do not build a cash value or have paid-up values. That means that if the insured decides to discontinue his/her coverage at any point in the future, there would be no cash value returned to them and they will not [...]

• BMO Insurance’s Critical Illness Insurance Plan: Life Recovery Plus

  10/27/2009

    BMO Insurance's Life Recovery Plus is a Critical Illness plan marketed directly to consumers.The plan is available in either a basic plan, which pays up to $25,000 in insurance benefits, or an enhanced plan, which pays up to $50,000 in insurance benefits upon diagnosis of life threatening cancers, stroke or heart attack. The payout [...]

• BMO Life Assurance Re-Pricing Term Life Plans

  05/06/2009

  AIG Life Canada was once very aggressive in the term life market and its successor, BMO Life Assurance, has followed suit by re-pricing both its Term 10 and Term 20 policies, effective May 1st. BMO Life Assurance, has followed suit by re-pricing both its Term 10 and Term 20 policies, effective May 1st. Both plans [...]

• A Closer Look: BMO Insurance’s Direct Term

  04/30/2009

  In 2001, Bank of Montreal's Life Insurance division, BMO Life, began offering a unique twist on term life insurance through their BMO Direct Term product. It's only available directly from a licensed agent via their call centre, but before you pick up the phone, let's take a closer look at what you're getting with BMO [...]