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Term Life Insurance

  • Term Life insurance is easy and affordable
  • Choose the amount of insurance you need and how long you need it for
  • If your needs change, you can convert to Permanent Insurance
  • EasyTerm®
    You could qualify for immediate coverage by answering a few personal and medical questions*. Choose a
    10-year, 20-year, or 30-year term with coverage from $50,000 to $5 million.
  • Preferred Term
    Choose a 10-year, 20-year, or 30-year term with coverage from $100,000 to $10 million. If your needs change, you can convert to a choice of Permanent Insurance plans (up to age 70).
EasyTerm Preferred Term
How can I apply for this policy? Online @ bmolife.com
or by Phone at
1-800-294-5814		 Through an Independent Advisor
What ages qualify? 18 to 75* 18 to 75*
What coverage amounts are available? $50,000 to $5,000,000* $100,000 to $10,000,000*
What terms are available? 10, 20 or 30 year term 10, 20 or 30 year term
Can my policy be converted to lifetime coverage? Can be converted to Term to 100 coverage Yes
Can my policy be renewed for another term period without a medical exam? Yes, every 10, 20 or 30 years Yes, every 10, 20 or 30 years
Can I get coverage that pays a benefit on my death, or my spouse's, whichever occurs first? No Yes
How frequently can I make payments? Monthly or annually Monthly, semi-annually or annually
Are my premiums guaranteed not to increase? Yes** Yes**
Can I add other insurance coverage to this life insurance plan? -Waiver of Premium*
- Critical Illness*		 -Waiver of Premium*
-Accidental Death Benefit*
-Children's Term*
-Business Guaranteed Insurability*
Is there a Money Back Guarantee? Yes, within 30 days Yes, within 10 days
Do I need to be a Canadian resident? Yes Yes
*Some conditions apply
**Premiums increase on renewal
Information above is intended as a summary. For the complete terms and conditions of your policy, please refer to your Policy Contract that will be sent to you upon enrolment.