Facts & Information Page:
Bmo Life Assurance Company - Canada

Canadian Money Advisor Rank

Product Names

Product Name


Bmo Term Life Insurance

Bmo Preferred Term Insurance

Bmo Permanent Life Insurance

COMPANY CONTACT INFORMATION:

Bmo Life Assurance Company
60 Yonge Street
Toronto, ON M5E 1H5
Website:http://www.bmo.ca
Facebook URL:https://www.facebook.com/BMOcommunity

Customer Service Phone: 1-866-360-9765
Customer Service Fax:1-800-263-2263
Contact's Title:For Direct Inquiries
Contact's Phone:(514) 881-3845
COMPANY INFORMATION AND BIOGRAPHY:


November 3, 1817 was the day when Bank of Montreal was opened. It was the first bank in Canada for business. It offers Canada's first widely-recognized and circulated currency, and has made a major and ongoing role in the development of the country. At present, it is one of Canada's finest financial institutions and an important presence in United States and world markets. BMO Financial Group is an exceedingly diversified financial services organization. Having total assets of $412 billion as of October 31, 2010, and 38,000 employees, BMO presents a broad variety of retail banking, wealth management and investment banking products and solutions. The bank has served Canadian clients through BMO Bank of Montreal. Their personal and commercial banking business, BMO Nesbitt Burns, one of Canada’s top wealth management firms, and BMO Capital Markets are part of the North American investment and corporate banking division. The company is helping their customers earn money by distributing the broadest range of financial services through a single point of contact. The financial service handled by professionals that grants access to any services that the customers need around the whole enterprise.


Product Name Product Description
Bmo Term Life Insurance


Preferred Term Is A Low Cost Protection But For A Certain Number Of Years Only. The Rate For This Policy Is Guaranteed That It Will Not Increase. Aside From That, You Can Pick The Duration And The Coverage That Is Suitable For You. It Can Also Be Utilized By Your Loved Ones As An Income Replacement Solution Or To Liquidate Debts. The Insurance Can Grant A Tax-free Lump Sum Payment To Your Beneficiaries. And Lastly, Offer The Option Of Convert Your Policy To A Permanent Coverage. You Can Select Which Term You Would Choose From 10, 20 Or 30 Years. Get The Coverage With Premiums Guaranteed That Will Not Increase Rate For 10 Or 20 Years, Renewable Up To Age 85 Or Opt For A 30-year Term, Renewable To Age 100. This Low Cost Protection Can Have A Monthly Cost For Preferred Term Insurance Given That The Term Coverage Is At $250,000as Monthly Cost. You Can Convert To A Permanent Life Insurance. Upgrade Your Term Insurance Into A Permanent Insurance Any Time Before Reaching The Age 70. Adding Extra Insurance Protection To Your Life Insurance Plan To The Following Options Is Offered. First, The Accidental Death Rider Can Cover You In Case Of An Accident. For The Waiver Of Premium, It Can Cover Your Premium Payments If You Turn Out To Be Disabled. You Can Also Get The Children’s Term Insurance Benefit: As It Provides Term Life Insurance For Your Children. Aside From That Is The Living Benefit Rider Which Gives A Lump-sum Payment To You If You Are Diagnosed With A Critical Illness. And Finally, Business Guaranteed Insurability Option That Is Ideal For Business Owners Who Wish To Lock In Their Capability To Obtain Supplementary Life Insurance Protection In The Future.

Bmo Preferred Term Insurance


Preferred Term Is A Low Cost Protection But For A Certain Number Of Years Only. The Rate For This Policy Is Guaranteed That It Will Not Increase. Aside From That, You Can Pick The Duration And The Coverage That Is Suitable For You. It Can Also Be Utilized By Your Loved Ones As An Income Replacement Solution Or To Liquidate Debts. The Insurance Can Grant A Tax-free Lump Sum Payment To Your Beneficiaries. And Lastly, Offer The Option Of Convert Your Policy To A Permanent Coverage. You Can Select Which Term You Would Choose From 10, 20 Or 30 Years. Get The Coverage With Premiums Guaranteed That Will Not Increase Rate For 10 Or 20 Years, Renewable Up To Age 85 Or Opt For A 30-year Term, Renewable To Age 100. This Low Cost Protection Can Have A Monthly Cost For Preferred Term Insurance Given That The Term Coverage Is At $250,000as Monthly Cost. You Can Convert To A Permanent Life Insurance. Upgrade Your Term Insurance Into A Permanent Insurance Any Time Before Reaching The Age 70. Adding Extra Insurance Protection To Your Life Insurance Plan To The Following Options Is Offered. First, The Accidental Death Rider Can Cover You In Case Of An Accident. For The Waiver Of Premium, It Can Cover Your Premium Payments If You Turn Out To Be Disabled. You Can Also Get The Children’s Term Insurance Benefit: As It Provides Term Life Insurance For Your Children. Aside From That Is The Living Benefit Rider Which Gives A Lump-sum Payment To You If You Are Diagnosed With A Critical Illness. And Finally, Business Guaranteed Insurability Option That Is Ideal For Business Owners Who Wish To Lock In Their Capability To Obtain Supplementary Life Insurance Protection In The Future.

Bmo Permanent Life Insurance


Permanent Life Insurance Offer Lifetime Insurance Protection. The Rates Are Guaranteed To Stay The Same. Guaranteed Cash Value Will Be Given Depending On The Plan You Have Chosen. It Can Be Utilized To Cover-off Tax Liabilities And Other Charges Due On Your Estate. And Lastly, It Can Grant A Tax-free Payment To Your Beneficiaries. The Coverage For Life Will Assure You That Your Policy Will Never Expire And The Premiums Will Never Increase. In Choosing The Amount, You Get A $25,000 To $10 Million In Coverage That Would Matter On The Product. The Built-in Cash Value Will Be Available After 5 Or 10 Years, That Would Depend Again On The Plan You Have Applied For. In The Guaranteed Monthly Premiums, Your Premiums Are Guaranteed To Stay The Same For Life Once Your Coverage Is Approved. If You Plan To Meet Your Needs, You Can Get The 20 Pay Life Which Has A Guaranteed Premiums For 20 Years, After Which Time Your Coverage Is Fully Paid-up, Plus Cash Values And An Option To Stop Paying Premiums For A Reduced Amount Of Coverage After 10 Years. You Can Also Pick The Term 100 Plus Or Term 100 Platinum As It Offers Guaranteed Premiums To Age 100, Plus Cash Values And An Option To Stop Paying Premiums For A Reduced Amount Of Coverage After 5 Years. And Finally, The Pure Term 100 As It Guarantees You On The Premiums To Age 100. When You Want To Customize Your Plan By Adding Extra Insurance Protection To Your Life Insurance Plan That Would Comprise Accidental Death Rider Which Covers You In Case Of An Accident Or Waiver Of Premium Grants You Premium Payments If You Turn Out To Be Disabled. If That Is Not Enough For You, A Children Term Insurance Benefit Is Available As It Can Provide A Term Life Insurance For Your Children. And Ultimately Get The Term Insurance Riders. This Adds Term Life Insurance Coverage To Supplement The Permanent Life Protection.