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Creditor Insurance offered by BMO Bank of Montreal

Most of us will borrow money in our lifetime. Could your family take over your debts if you were to die or become disabled? With creditor insurance coverage, your loved ones and your assets are protected.

Insurance doesn't have to be complicated. Creditor protection is designed to provide you with simple, straightforward financial solutions.

Protection for your Mortgage

Mortgage Life Insurance protects your loved ones from an additional financial burden when they can least afford it.

Mortgage Disability Insurance is designed to make your mortgage payments when you are unable to work for reasons such as a severe injury or illness.

For more information visit bmo.com/creditorinsurance or contact your local BMO Bank of Montreal Branch.

Protection for your Line of Credit

Protect your line of credit with Life, Disability, and Disability plus Job Loss Insurance.

Life Insurance for your line of credit is designed to pay off your balance at death. To minimize the financial impact of a disability or involuntary job loss, you can rely on Disability Insurance or Disability Plus Job Loss Insurance.

If your Line of Credit limit is $50,000 or less, and you apply for coverage, you are automatically approved with no medical questionnaire to complete. Premiums are calculated monthly and billed directly to your line of credit account.

For more information visit bmo.com/creditorinsurance or contact your local BMO Bank of Montreal Branch.

Protection for your Personal Loan Plan

Insurance on your loan helps pay off your loan balance in the event of your death, or cover your loan payments when you can't work due to illness or injury. There is no medical questionnaire to complete and for convenience, premiums are included in your regular loan payments.

For more information visit bmo.com/creditorinsurance or contact your local BMO Bank of Montreal Branch.

Protection for your Credit Card Balance

Your credit health is important. That's why BMO Bank of Montreal offers protection on your credit card balance. BMO Credit Card Balance Protection Insurance includes coverage in the event of critical illness (cancer, heart attack, stroke and coronary artery bypass surgery), job loss, disability, accidental dismemberment, and death.

For more information visit bmo.com/creditorinsurance or contact your local BMO Bank of Montreal Branch.

Protection for your Commercial Loan

Preserve what you have worked hard to build and make creditor insurance part of your business' financial plan.

If you have been approved for a BMO Bank of Montreal commercial loan, line of credit or mortgage, or play a major active role in the operation of a borrowing business you may be eligible for up to $1,000,000 in life insurance coverage.

Accidental dismemberment and specific loss of use insurance is included with this plan and will cover you for up to $50,000 if you were to lose the use of your limbs, sight or hearing due to an accidental injury.

For more information visit bmo.com/creditorinsurance or contact your local BMO Bank of Montreal branch.

Life and Disability insurance on loans, lines of credit and mortgages is underwritten by Sun Life Assurance Company of Canada. BMO MasterCard Balance Insurance is underwritten by The Manufacturers Life Insurance Company. Commercial loan insurance is underwritten by The Canada Life Assurance Company.