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BMO Insurance is pleased to introduce a multi-policy fee discount on all our Living Benefit plans for new applications submitted on or after May 16, 2011. In order to qualify for this discount:
- Applications must be submitted at the same time
- For family members and business relationships
- Premiums are paid from the same financial source
The multi-policy fee discount is available for the second and subsequent Living Benefit policies. The policy fee on the first policy will be full policy fee, but reduced by $25 for associated policies.
Please note the request for the multi-policy fee discount and the number of policies in the family or business relationship in "Comments - Section 12" in the Application for Life Insurance and Critical Illness Insurance (Form 126).
PLUS ... market leading rates on our renewable Living Benefit Plans!
See how we compare:
Living Benefit 10 Annual Premium Ranking1
| Face Amounts |
| Male Non-Smoker (Ages) |
| 30 | 35 | 40 | 45 | 50 | 55 | |
| Female Non-Smoker (Ages) |
| 30 | 35 | 40 | 45 | 50 | 55 | |
|
$50,000
|
|
|
|
$100,000
|
|
|
|
$300,000
|
|
|
Living Benefit 20 Annual Premium Ranking1
| Face Amounts |
| Male Non-Smoker (Ages) |
| 30 | 35 | 40 | 45 | 50 | 55 | |
| Female Non-Smoker (Ages) |
| 30 | 35 | 40 | 45 | 50 | 55 | |
|
$50,000
|
|
|
|
$100,000
|
|
|
|
$300,000
|
|
|
New renewable Living Benefit plans can also be converted to a Term-to-75 or Term-to-100 CI Conversion Plan − with full commission!
Bundle up and save!
Living Benefit plans are also available as riders on any of our Preferred Term or Universal Life plans. Without an additional policy fee, there’s more opportunity to purchase the coverage you know your clients really need.
1 Companies surveyed: BMO Insurance, Canada Life, Desjardins Financial Security, Empire Life, Equitable Life, Industrial Alliance, Manulife, RBC Insurance, Standard Life and Sun Life. Return of Premium benefit on death excluded from calculations, whenever possible. Loss of Independence included in the calculations.
The comparison was performed based on information believed to be reliable and in effect as of May 2, 2011. BMO Life Assurance Company is not liable for any errors or omissions in the information derived from third party sources.
MB 202 (2011/05/04)
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