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

BMO Insurance offers a wide variety of permanent life insurance policies, some are very competitive, while others could leave you overpaying. 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 paid-up features.

The non-participating feature of BMO's 20-pay plan means that the client does not participate in the insurance company's profits and all the values within the policy are fully guaranteed. The plan's particular asset is its paid up feature. Starting on the tenth policy year, the policy can be paid-up for a reduced face amount with no further premiums required. The reduced face amount will start at 50% and increase 5% each year until the policy's twentieth anniversary.

Below is a look at how BMO stacks up against its competition. A 35-year-old, male non-smoker looking at $250,000 will also be looking at the following premiums:

Manulife Financial's LifeWise 20-pay plan is $154.78/month

Empire Life's 20-pay Solution plan is $168.53/month

BMO Insurance's 20-pay Whole Life is $258.98/month

AXA's 20-pay Horizon plan is $298.48/month

You can get more details on BMO's 20-pay plan, as well as other carriers permanent policies, by visiting our Whole Life Instant Quote Page, or by calling our office at 1-866-899-4849.