BMO Insurance: Term 100 Plus Guaranteed Insurance

Posted on August 16, 2012 and updated April 19, 2019 in BMO Life Insurance, Canadian Life Insurance Companies, Insurance Types, Life Insurance Canada News, Permanent Insurance 2 min read

BMO Insurance offers a fully guaranteed permanent non-participating whole life plan offering level coverage and guaranteed premiums payable to age 100. At age 100, the policy is fully paid-up.

Term 100 life insurance can be ideal to cover permanent life insurance needs, which can include estate planning or final expenses. The policy has guaranteed premiums, so it can be ideal for people on a fixed budget.

Many companies have exited the Term 100 marketplace because these policies have been put under pressure by historically low interest rates. Standard Life, Canada Life, Assumption Life and RBC Insurance are all no longer offering Term 100 policies and the companies that are still offering it are raising their rates.

The BMO Insurance policy also has guaranteed cash values and reduced paid-up values. The latter allows the insured to have a certain amount of reduced coverage in place even if he or she stops paying their premium.

For more details call us at 1.866-899-4849 or visit our Whole Life Insurance Instant Quote Page