Product details
Understand how our term life plans can help your clients.
All term life plans can be converted to a permanent plan at any time before age 71. Term 10 plans can be exchanged to a Term 15, 20, 25, or 30 plan and Term 15 plans can be exchanged to a Term 20, 25, or 30 plan footnote star . Clients can also choose to have their coverage issued on a single life, combined life or joint last-to-die basis.
Term 10, 15, 20, 25, and 30 plans are:
Renewable and convertible- Premiums are guaranteed
Our Term Life options
For more comprehensive coverage, rider options are available for all term insurance plans, including:
- Critical Illness
- Accidental Death
- Children’s Term Insurance Benefit
- Waiver of Premium
- Business Guaranteed Insurability Option
Complimentary loss support services for beneficiaries
As a BMO Insurance policyholder, footnote dagger your beneficiaries receive complimentary access to Empathy – a service that blends technology and human care to guide families through grief and estate-related tasks. Empathy offers: personalized care plans, grief support resources, custom funeral assistance and more.
Tools
Wave Illustration System
Generate professional quotes with ease, to assist in reliable insurance planning.
SmartApp
Say goodbye to paper with our easy-to-use digital platform that streamlines life and critical illness insurance applications. Enjoy a fast, secure way to manage client applications.
Insights
Simple financial protection for entrepreneurs
Learn why Bill, a 35-year-old entrepreneur with a mortgage and debt, purchased an affordable term life insurance plan with living benefit and disability waivers.
Comprehensive coverage for young families
See how Anna and Paul, a young couple with a new baby, used Term 20 from BMO Insurance to help ensure that if something happened to one of them, the surviving spouse would be able pay for their child’s education, and pay off their mortgage.
Flexible coverage for new business owners
Discover why Adam, a 42-year-old entrepreneur, used BMO Insurance’s Term Life policy with the Conversion and Term Rider Reset options. His goal was to purchase affordable coverage that would be flexible if his needs changed.
Contact us
Have questions? Call or email us today for more information about how we can help you.