BMO Guaranteed Life Plus Pricing

Posted on December 16, 2009 and updated April 25, 2013 in BMO Life Insurance, Canadian Life Insurance Companies, Life Insurance Canada News, Non-medical, Term Insurance 13 min read

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 return-of-premium in the first two policy years.

The plan is available in five pricing increments and the table below lists the price at age groups spanning 40 to 75 for both males and females. If the death is accidental, the insured receives five times their coverage. Although smokers and non-smokers pay the same rates, the benefit a smoker receives is significantly lower than that received by a non-smoker. You can see how the benefits break down in our two charts for men and women below:

Monthly Premiums (basic benefit: smoker and non-smoker – men
your age $20 $30 $75 $100 $120
40-41 $2,900 $6,150 $4,800 $10,100 $13,500 $27,750 $18,050 $36,700 $21,850 $44,400
42-43 $2,650 $5,950 $4,450 $9,700 $12,500 $26,500 $16,700 $35,100 $20,200 $42,500
44-45 $2,450 $5,650 $4,100 $9,200 $11,500 $25,150 $15,400 $33,350 $18,650 $40,400
46-47 $2,250 $5,350 $3,750 $8,700 $10,550 $23,750 $14,150 $31,450 $17,150 $38,150
48-49 $2,050 $5,000 $3,400 $8,150 $9,600 $22,150 $12,950 $29,400 $15,700 $35,700
50-51 $1,900 $4,750 $3,200 $7,650 $8,950 $20,850 $12,150 $27,800 $14,700 $33,600
52-53 $1,750 $4,350 $2,900 $7,050 $8,100 $19,150 $11,000 $25,500 $13,300 $30,800
54-55 $1,550 $3,950 $2,600 $6,350 $7,250 $17,300 $9,800 $23,150 $11,900 $28,000
56-57 $1,400 $3,600 $2,350 $5,800 $6,650 $15,700 $9,000 $21,000 $10,900 $25,400
58-59 $1,350 $3,250 $2,200 $5,250 $6,200 $14,250 $8,400 $19,150 $10,150 $23,100
60-61 $1,300 $2,950 $2,150 $4,850 $5,950 $13,050 $8,050 $17,500 $9,700 $21,150
62-63 $1,300 $2,750 $2,100 $4,450 $5,750 $12,000 $7,850 $16,100 $9,500 $19,450
64-65 $1,100 $2,450 $1,900 $3,950 $5,200 $10,650 $7,100 $14,400 $8,550 $17,350
66-67 $950 $2,100 $1,600 $3,450 $4,500 $9,250 $6,100 $12,500 $7,400 $15,100
68-69 $850 $1,800 $1,400 $2,950 $3,950 $8,050 $5,400 $10,850 $6,500 $13,150
70-71 $750 $1,600 $1,250 $2,600 $3,550 $7,100 $4,850 $9,550 $5,850 $11,550
72-73 $650 $1,400 $1,150 $2,300 $3,200 $6,250 $4,400 $8,450 $5,300 $10,150
74-75 $500 $1,150 $900 $1,900 $2,550 $5,200 $3,500 $7,050 $4,250 $8,500

    

Monthly Premiums (basic and accident benefits – women
your age $20 $30 $75 $100 $120
40-41 $6,350 $11,600 $10,250 $18,600 $28,250 $50,000 $37,600     – $45,400      -
42-43 $5,900 $10,750 $9,500 $17,250 $26,200 $46,550 $34,900     – $42,100      -
44-45 $5,450 $9,950 $8,800 $15,950 $24,300 $42,950 $32,300     – $39,050      -
46-47 $5,050 $9,150 $8,150 $14,650 $22,450 $39,400 $29,900 $50,000 $36,100      -
48-49 $4,700 $8,350 $7,550 $13,300 $20,700 $35,800 $27,600 $47,150 $33,300      -
50-51 $4,400 $7,650 $7,050 $12,150 $19,350 $32,600 $25,850 $43,200 $31,200 $50,000
52-53 $4,000 $6,850 $6,500 $10,950 $17,750 $29,400 $23,650 $38,850 $28,550 $46,850
54-55 $3,700 $6,150 $5,950 $9,850 $16,300 $26,450 $21,750 $34,950 $26,250 $42,150
56-57 $3,450 $5,550 $5,550 $8,900 $15,050 $23,600 $20,150 $31,450 $24,300 $37,800
58-59 $3,200 $4,950 $5,150 $8,000 $14,000 $20.950 $18,700 $28,150 $22,550 $33,550
60-61 $2,950 $4,450 $4,750 $7,150 $12,850 $18,550 $17,150 $25,200 $20,750 $29,800
62-63 $2,750 $4,000 $4,400 $6,300 $11,900 $16,100 $15,850 $21,500 $19,150 $25,850
64-65 $2,500 $3,550 $3,950 $5,600 $10,700 $14,200 $14,300 $19,000 $17,200 $22,800
66-67 $2,200 $3,100 $3,550 $4,850 $9,250 $12,300 $12,500 $16,400 $15,000 $19,700
68-69 $1,950 $2,650 $3,150 $4,200 $8,250 $10,700 $11,000 $14,350 $13,200 $17,200
70-71 $1,750 $2,300 $2,800 $3,700 $7,300 $9,400 $9,700 $12,550 $11,700 $15,050
72-73 $1,550 $2,000 $2,500 $3,200 $6,400 $8,050 $8,500 $10,800 $10,200 $12,950
74-75 $1,300 $1,650 $2,150 $2,700 $5,650 $7,050 $7,550 $9,450 $9,100 $11,350

For more details on non-medical life insurance, please contact us at 1-866-899-4849, or vist our Non-medical Life Insurance Quote Page.

avatar
Christine
Christine

how do i know if i qualify for the easy one or the guaranteed life plus and what is the difference

LSM Insurance
LSM Insurance

Both plans are sold direct by BMO. The Easy one pays out from day one but does have a health declaration. The Garanteed Life Plus does not have any health declaration questions.

D Solomon
D Solomon

I am interested in a policy for a 73 year old.

LSM Insurance
LSM Insurance

Hi Brenda,

Thanks for the note.

The BMO plan is offered directly by BMO’s call centre. The pricing is above.

Depending on your husbands health history he may qualify for a simplified issue plan (no medical tests but a short series of health questions) which provides higher face amounts and lower premiums.

Regards … Lorne

Brenda
Brenda

I am looking for Guaranteed Issue pricing for my husband who is 65 years old. If you could provide some kind of information with the pricing I would be very grateful.
Thank you so much.
Mrs. Brenda Corrigal