Who We Are
Our brand is BMO® Insurance
We are an insurance provider which combines the brand integrity and strength of one of Canada’s premier financial institutions with a reputation for providing a great customer experience.
Under the BMO Insurance brand, BMO Life Assurance Company offers both a broad range of comprehensive, medically underwritten insurance coverage through licensed insurance advisors, as well as simple or guaranteed issue coverage direct to consumer. This approach has resulted in one of the industry’s most diversified choice of products including life, critical illness and accident & illness insurance and income annuity products. BMO Life Assurance Company is a member company of the BMO Financial Group.
In addition to offering travel insurance protection to BMO clients, BMO Insurance is one of Canada’s leading providers of creditor insurance, offering payment and balance protection on BMO mortgages, loans, lines of credit and MasterCard.
Our commitment to you – BMO Insurance shares the same values that have made our parent, BMO Financial Group, one of the most recognized and respected financial services organizations in Canada. Our values, our culture and our vision have been vital factors in the success that we’ve enjoyed – and that we are confident will continue for years to come.
Our strength – As Canada’s first bank and with more than 10 million customers in North America and internationally, BMO Financial Group is one of Canada’s most recognized financial services institutions. Financial strength, integrity and trust are part of who we are.
BMO Life Assurance Company is a member company of the BMO Financial Group.
Financial Strength Rating - Insurer:
| Rating Agency | BMO Life Assurance Company Rating |
|---|---|
| A.M. Best Company | A (Excellent) |
" A Best's Financial Strength Rating – Insurer, is an independent opinion of an insurer's financial strength and ability to meet its ongoing insurance policy and contract obligations. It is based on a comprehensive quantitative and qualitative evaluation of a company's balance sheet strength, operating performance and business profile.
A Financial Strength Rating – Insurer of A (Excellent) is assigned to companies that have, in A.M. Best’s opinion, an excellent ability to meet their ongoing insurance obligations.*"
*Guide to Best’s Financial Strength Rating – Insurer www.ambest.com
