It's very simple and it makes sense. Start with a base plan and then add riders to complete the plan. Consider a Male Non-Smoker age 40:
| Male Non-Smoker Age 40 |
Monthly Premiums |
Annual Savings |
| Separate Plans |
Bundle |
| Term + CI |
Preferred Term 10: $500,000
Living Benefit 10 Rider: $100,000 |
$78.21 |
$71.46 |
9% |
$81.00 |
| UL + CI |
LifeProvider: $100,000
Living Benefit 10 Rider: $50,000 |
$86.46 |
$80.14 |
7% |
$75.84 |
| UL + Term + CI |
LifeProvider: $100,000
Term 10 Rider: $250,000
Living Benefit 10 Rider: $50,000 |
$107.39 |
$98.00 |
9% |
$112.68 |
Generate More Sales.
Bundle up and SAVE money for your clients. Fully protect them with Life and Critical Illness Insurance. With BMO® Insurance, we deliver GREAT VALUE.
Annual Premium Ranking1
Term Insurance + Critical Illness
$500,000 Preferred Term 10 + $100,000 Living Benefit 10 Rider
$500,000 Preferred Term 20 + $100,000 Living Benefit 20 Rider |
| Male Non-Smoker (Standard Class) |
Female Non-Smoker (Standard Class) |
| 35 |
40 |
45 |
50 |
55 |
35 |
40 |
45 |
50 |
55 |
| 1 |
1 |
1 |
1 |
1 |
1 |
1 |
1 |
1 |
1 |
Universal Life + Critical Illness
| $100,000 LifeProvider + $50,000 Living Benefit 10 Rider |
| Male Non-Smoker (Standard Class) |
Female Non-Smoker (Standard Class) |
| 35 |
40 |
45 |
50 |
55 |
35 |
40 |
45 |
50 |
55 |
| 1 |
1 |
1 |
1 |
3 |
1 |
2 |
2 |
3 |
3 |
Universal Life + Term Insurance + Critical Illness
$100,000 LifeProvider + $250,000 Preferred Term 10 Rider +
$50,000 Living Benefit 10 Rider |
| Male Non-Smoker (Standard Class) |
Female Non-Smoker (Standard Class) |
| 35 |
40 |
45 |
50 |
55 |
35 |
40 |
45 |
50 |
55 |
| 1 |
1 |
2 |
1 |
3 |
1 |
1 |
1 |
3 |
3 |
1Companies surveyed: BMO Insurance, Canada Life, Empire Life, Equitable Life, Industrial Alliance, Manulife, RBC Insurance, Standard Life and Sun Life. In situation where a company does not offer a critical illness rider on a term or universal life policy, the total cost of separate critical illness and life insurance policies was compared. Return of Premium benefit on death excluded from calculations, whenever possible. Loss of Independence included in the calculations. Source: Illustration Software.
The comparison was performed based on information believed to be reliable and in effect as of July 27, 2011. BMO Life Assurance Company is not liable for any errors or omissions in the information derived from third party sources.
