BMO Life Insurance

accidental death insurance

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

There is a new version of this article (summer/fall 2018) about Accidental Death and Dismemberment Insurance that explains in detail this insurance. It also compares costs of Accidental Death Insurance to other insurance types. Canadians are constantly bombarded with life insurance offers. Although having adequate coverage is important, many of these offers are for specialized...
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Life Insurance: An Unselfish Purchase

Many people wonder whether they should buy life insurance. To some, it seems like a waste of money. But if you have family members dependent on your income or if you are thinking of having a family, it’s really a “no-brainer.” Life Insurance is not like other purchases. It’s not about you and your wants....
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Canadians Aren’t Confident They Have Enough Life Insurance

Most Canadians don’t really understand life insurance. It’s no secret that the majority of Canadians don’t really understand life insurance. And now there’s a survey to confirm that trend. BMO Insurance released a poll in mid-july 2014, showing that 88% of Canadians are not very familiar with the different types of life insurance. In addition, while 74%...
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The Top 5 Life Insurance Company Acquisitions

  With the Sept. 3, 2014, announcement that Manulife Financial has acquired the Canadian business of competitor Standard Life for $4 billion, we couldn’t help but look back at the other mergers and acquisitions that have occurred in the insurance industry over the years, starting with this latest one.
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Evaluating Insurance Calculators from Canada’s Top Life Insurance Companies

At the end of each of our articles, LSM invites readers to go to our various life insurance calculator pages for a free quote. We also have a Needs Analysis Calculator that lets you know how much insurance you may need based on your own personal circumstances. However, we are not the only insurance...
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20-Pay Whole Life Insurance

Whole life’s 43% market share is significantly higher than universal life’s 28% and, in a lot of cases, it’s participating whole life’s investment component that consumers are attracted to. Participating whole life gives consumers an investment opportunity to “participate” in the profits of the sponsoring insurance company. For example, Sun Life Financial reports that they...
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BMO Insurance Pure Term 100 Changes

BMO Insurance is increasing their premiums, but is also adding more product choices as of Oct. 7, 2013.  Those age 50 to 85 will experience a premium increase of 12% at the $100,000 to $499,999 coverage band as non-smokers and smokers in this bracket will see an increase of 11%. In the coverage band over...
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Simplified Issue Life Insurance: How Does BMO Insurance Compare to Assumption Life?

The no-medical life insurance market seems to be an increasingly reactive niche market when it comes to direct life insurance carriers in Canada. Consumers have their choice to buy direct or use a broker. The insurance companies know that too. Two carriers butting heads in this market are BMO Insurance and Assumption Life. BMO Insurance offers...
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BMO Insurance has Competitive Term 20 Rates

BMO Insurance offers competitive rates for its Term 20 life insurance plans. A male non-smoker who’s 40 years old can receive $250,000 Term 20 policy for only $33.98 per month. He can also get $250,000 in Term 20 with an additional $50,000 critical illness rider for only $64.98. The premiums on the policy are guaranteed...
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BMO Insurance Guaranteed Life: Two Big Changes

BMO Insurance is a leading provider of guaranteed issue life insurance solutions. Their flagship guaranteed issue product is Guaranteed Life Plus. The plan is available via BMO’s website as well as its call centre, and the plan is not available through BMO’s independent broker network. BMO recently made two key changes to the policy:
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