BMO Insurance Offers Three Unique Term 100 Solutions

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 have a reduced paid-up option, allowing them to keep a certain amount of coverage without paying a higher additional premium. BMO Insurance (formerly AIG Life Insurance) offers a stripped down traditional version and two enhanced plans with cash values and paid-up values.

1. BMO's pure Term 100 plan is a stripped down traditional Term 100 plan with no cash values and no paid-up values. It's available to applicants age 50 to 85. $100,000 of coverage for a 50-year-old, male non-smoker is $122.49/month. The plan is paid-up at age 100, which means that if rhe insured lived until age 100, no further payments would need to be made.
2. Their Term 100 Plus plan is available to those age 18 to 75. Cash values and reduced  paid-up values are available starting in year five. A 50-year-old non-smoker needing $100,000 of Term 100 Plus coverage would pay $145.26/month. The cash value in year 20 would be $27,620 and the paid-up value would be $43,200.
3. Their Term 100 Platinum plan is available up to age 75. Cash values are available starting in year five and reduced paid-up values are available in the same time frame. $100,000 of Term 100 Platinum coverage for a 50-year-old male, non-smoker would be $165.42/month. Cash values in year 20 would be $39,600 and paid-up values would be $61,800. 

You can get additional quotes on BMO plans, as well as other leading carriers in Canada, by visiting our Instant Quote Page or by calling our office at 1-866-899-4849.