BMO Life Insurance

For financial needs large and small, BMO Insurance’s position as one of Canada’s top bank allows them to offer a wide range of insurance products for any financial need. Many BMO Insurance plans also include a diversity of investment plans to help you manage your wealth alongside your protection.

With a wide variety of insurance plans offered by BMO Insurance, we invite you to learn more about the individual benefits of plans offered by BMO.

BMO Term Insurance

When cost, convenience, and simplicity matter most, BMO Insurance offers the easier path to term life insurance. In some cases, getting a term plan from BMO doesn’t require submitting to a medical exam, and a series of guarantees on your premiums and coverage ensure that what you see is what you get.

BMO offers the following Term Life Insurance plans:

Type of PlanTerm LengthEligibilityBenefits
BMO EasyTerm®10, 20, or 30 year termsAges 18 to 75No medical exam for amounts less than $250,000. Rates are guaranteed for the length of coverage chosen. Renewable up to age 85.
BMO Preferred Term10, 20, or 30 year termsAges 18 or 75Preferred rates available, offering lower premiums rates. Guaranteed renewable up to age 100 in some cases. Available with critical illness protection.

BMO Permanent Insurance

Whether you’re looking for a simple no-frills plan for life, or if you want to maximize your wealth: BMO Insurance offers two critically beneficial permanent life plans to help you manage your money according to your wishes. BMO Insurance also maintains the distinction of offering more investment plans on your insurance than any provider in Canada.

BMO offers the following Permanent Life Insurance plans:

Type of PlanTerm LengthEligibilityBenefits
Pure Term 100For Life, Payable to Age 100Ages 18 to 85Guaranteed premiums to age 100. Available with critical illness and child’s insurance riders.
Universal LifeFor lifeAges 0 to 80Over 400 investment accounts available. Guaranteed investment bonuses and policy loans available. Pay down the cost of insurance for an affordable rate.

BMO No Medical Insurance

Your health shouldn’t affect your life insurance options. That’s why BMO offers a selection of life insurance plans for Canadians young and old to still get the financial protection that they need without the costly repercussions of a medical exam.

BMO Critical Illness Insurance

Finding coverage for illness recovery is difficult if your family has a history of illness. Fortunately, BMO offers critical illness protection for a spectrum of needs, and can find you coverage even if you’re concerned you would be denied a plan.

BMO offers the following Critical Illness Insurance plans:

Type of PlanTerm LengthEligibilityBenefits
Life Recovery PlusTo Age 70Ages 18 to 60No medical exam required, with benefits available up to $50,000 for both illness recovery and hospital fees.

We are pleased to offer all life insurance products provided by BMO. For a quote on all available life insurance plans, please use our no-obligation quote provided on the right to explore your options and find the right fit for your needs.