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- Guaranteed-Life Plus
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- EasyOne Life
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Guaranteed-Life PlusGet a Quote |
EasyOne LifeGet a Quote |
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|---|---|---|---|---|---|
| Type of Insurance | Simplified Term Life insurance | Simplified Term Life insurance | Term Life insurance | Permanent life insurance | Permanent life insurance |
| This product may be right for you if | You want a simple term life insurance you can buy online | You want an easy-to-purchase package of life, critical illness and accidental disability insurance | You want affordable life insurance with flexible coverage options for a fixed term | You want life insurance with guaranteed acceptance | You want life insurance you only need to sign a health declaration for |
| Who Can Buy | Canadian residents ages 18 to 49 | Canadian residents ages 18 to 49 | Canadian residents ages 18-75 for term life | Canadian residents ages 40 to 75 | Canadian residents ages 50 to 80 |
| Coverage Period | Until age 65 | Until age 65 | 10, 20, 30 years | Basic Benefit: Coverage for life Accidental Death Benefit: Until age 85 |
Coverage for life |
| Coverage Amount | $50,000 to $250,000 in term life insurance coverage | $50,000 to $250,000 in total coverage. Up to 50% of total coverage in Critical Illness Benefit coverage. Up to 15% of total coverage in Accidental Disability Benefit coverage |
$50,000 to $5 million | Up to $50,000 in basic benefit coverage. Up to $250,000 in Accidental Death Benefit coverage |
$5,000 to $50,000 |
| Assessment of Your Health | No medical exam is required for approval, just answer a few simple questions by phone or online | No medical exam is required for approval, just answer a few simple questions by phone or online | No medical exam is required to apply if you're between 18 and 65 and want less than $250,000 in coverage – all you need to do is complete a health questionnaire | Guaranteed acceptance regardless of your health status. | You are automatically approved if you can sign a declaration of health that says you have no |
| Additional Information | 30-day money-back guarantee | 30-day money-back guarantee | 30-day money-back guarantee | 30-day free look | 30-day free look |
| If you experience a critical illness or become disabled as a result of an accident you receive a portion of your total coverage amount, and the balance of your coverage remains as life insurance.
Critical Illness Insurance coverage is paid directly to you if you have a or , if you're with a or if you undergo following a of 30 days. Accidental Disability Insurance coverage is paid directly to you if you're as the result of an accident and the total disability continues for 180 consecutive days. You can receive payment for the Critical Illness benefit OR the Accidental Disability benefit, but not both. Expand for more details |
Critical Illness - If you’re between 18 and 55 at the time of application, you can choose this additional coverage to receive a lump sum cash benefit to spend as you please if you’re diagnosed with a covered critical illness that meets the plan definitions and then survive for at least 30 days.
Waiver of Premium - If you’re between 18 and 55 at the time of application, you can choose this additional coverage so that you won’t have to pay your premiums while you’re , provided you have been Totally Disabled for at least six consecutive months. Expand for more details |
In the first two years, the basic benefit is the amount of premiums paid. Accidental Death Benefit will pay your beneficiary five times your basic benefit if you die as a result of a covered accident |
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| Option to add Extended Life Benefit to your plan, which will continue coverage at 25% of your policy total at age 65 | Option to add Extended Life Benefit to your plan, which will continue coverage at 25% of your policy total at age 65 | Option to convert to a Term 100 policy before you turn 70 with no medical exam or health questionnaire | Pay no premiums when you turn 95 | Access to Helping Hands® | |
| What’s Not Covered | Your beneficiary will not receive benefits if:
You provide false, incorrect or incomplete information during the application process.
Your death results from suicide within two years from the date your policy comes into effect. We will refund your premiums in this case. |
You will not receive the Life Benefit if:
Your death results from suicide within two years from your Policy Date.
You provide false, incorrect or incomplete information about your health or lifestyle in your application. You will not receive a Critical Illness or Accidental Disability Benefit if your condition results directly or indirectly from: Attempted suicide or self-inflicted injuries The use of drugs or the influence of alcohol The commission or attempt to commit a criminal offence In addition, the accidental disability benefit is not paid if total disability results directly or indirectly from the following causes: Participation in professional sports, participation in motorized contests, or other hazardous activities, such as scuba diving, sky diving, parachuting, rock or cliff climbing, hang gliding or bungee jumping Air travel if you are not a fare-paying passenger Sickness or surgical procedure Mental or emotional disorders Expand for more details |
Your beneficiary will not receive benefits if: You provide false, incorrect or incomplete information during the application process Your death results from suicide within two years from the date that your policy comes into effect. We will refund your premiums in this case | Your beneficiary will not receive benefits if:
You provide false, incorrect or incomplete information during the application process. Your death results from suicide within two years from the date your policy comes into effect. We will refund your premiums in this case. In addition, the Accidental Death Benefit isn't payable if your death occurs directly or indirectly from: The use of drugs or the influence of alcohol War or civil disorder The commission or an attempt to commit, a criminal offence |
Your beneficiary will not receive benefits if:
You provide false, incorrect or incomplete information during the application process. Your death results from suicide within two years from the date your policy comes into effect. We will refund your premiums in this case. |
| How to Buy | Get a Quote | Get a Quote | Get a Quote | Get a Quote | Get a Quote |
| Compare our plans | |
| EasyTerm |
EasyOne Life |
| insureNOW |
insureNOW Plus |
| Guaranteed-Life Plus |
|
insureNOW™Get a Quote |
insureNOW Plus™Get a Quote |
EasyTermGet a Quote |
Guaranteed-Life PlusGet a Quote |
EasyOne LifeGet a Quote |
|---|---|---|---|---|
| Type of Insurance | ||||
| Simplified Term Life insurance | Simplified Term Life insurance | Term Life insurance | Permanent life insurance | Permanent life insurance |
| This product may be right for you if | ||||
| You want a simple term life insurance you can buy online | You want an easy-to-purchase package of life, critical illness and accidental disability insurance | You want affordable life insurance with flexible coverage options for a fixed term | You want life insurance with guaranteed acceptance | You want life insurance you only need to sign a health declaration for |
| Who Can Buy | ||||
| Canadian residents ages 18 to 49 | Canadian residents ages 18 to 49 | Canadian residents ages 18-75 for term life | Canadian residents ages 40 to 75 | Canadian residents ages 50 to 80 |
| Coverage Period | ||||
| Until age 65 | Until age 65 | 10, 20, 30 years | Basic Benefit: Coverage for life Accidental Death Benefit: Until age 85 |
Coverage for life |
| Coverage Amount | ||||
| $50,000 to $250,000 in term life insurance coverage | $50,000 to $250,000 in total coverage. Up to 50% of total coverage in Critical Illness Benefit coverage. Up to 15% of total coverage in Accidental Disability Benefit coverage |
$50,000 to $5 million | Up to $50,000 in basic benefit coverage. Up to $250,000 in Accidental Death Benefit coverage |
$5,000 to $50,000 |
| Assessment of Your Health | ||||
| No medical exam is required for approval, just answer a few simple questions by phone or online | No medical exam is required for approval, just answer a few simple questions by phone or online | No medical exam is required to apply if you're between 18 and 65 and want less than $250,000 in coverage – all you need to do is complete a health questionnaire | Guaranteed acceptance regardless of your health status. | You are automatically approved if you can sign a declaration of health that says you have no |
| Additional Information | ||||
| 30-day money-back guarantee | 30-day money-back guarantee | 30-day money-back guarantee | 30-day free look | 30-day free look |
| If you experience a critical illness or become disabled as a result of an accident you receive a portion of your total coverage amount, and the balance of your coverage remains as life insurance.
Critical Illness Insurance coverage is paid directly to you if you have a or , if you're with a or if you undergo following a of 30 days. Accidental Disability Insurance coverage is paid directly to you if you're as the result of an accident and the total disability continues for 180 consecutive days. You can receive payment for the Critical Illness benefit OR the Accidental Disability benefit, but not both. Expand for more details |
Critical Illness - If you’re between 18 and 55 at the time of application, you can choose this additional coverage to receive a lump sum cash benefit to spend as you please if you’re diagnosed with a covered critical illness that meets the plan definitions and then survive for at least 30 days.
Waiver of Premium - If you’re between 18 and 55 at the time of application, you can choose this additional coverage so that you won’t have to pay your premiums while you’re , provided you have been Totally Disabled for at least six consecutive months. Expand for more details |
In the first two years, the basic benefit is the amount of premiums paid. Accidental Death Benefit will pay your beneficiary five times your basic benefit if you die as a result of a covered accident |
||
| Option to add Extended Life Benefit to your plan, which will continue coverage at 25% of your policy total at age 65 | Option to add Extended Life Benefit to your plan, which will continue coverage at 25% of your policy total at age 65 | Option to convert to a Term 100 policy before you turn 70 with no medical exam or health questionnaire | Pay no premiums when you turn 95 | Access to Helping Hands® |
| What’s Not Covered | ||||
| Your beneficiary will not receive benefits if:
You provide false, incorrect or incomplete information during the application process.
Your death results from suicide within two years from the date your policy comes into effect. We will refund your premiums in this case. |
You will not receive the Life Benefit if:
Your death results from suicide within two years from your Policy Date.
You provide false, incorrect or incomplete information about your health or lifestyle in your application. You will not receive a Critical Illness or Accidental Disability Benefit if your condition results directly or indirectly from: Attempted suicide or self-inflicted injuries The use of drugs or the influence of alcohol The commission or attempt to commit a criminal offence In addition, the accidental disability benefit is not paid if total disability results directly or indirectly from the following causes: Participation in professional sports, participation in motorized contests, or other hazardous activities, such as scuba diving, sky diving, parachuting, rock or cliff climbing, hang gliding or bungee jumping Air travel if you are not a fare-paying passenger Sickness or surgical procedure Mental or emotional disorders Expand for more details |
Your beneficiary will not receive benefits if: You provide false, incorrect or incomplete information during the application process Your death results from suicide within two years from the date that your policy comes into effect. We will refund your premiums in this case | Your beneficiary will not receive benefits if:
You provide false, incorrect or incomplete information during the application process. Your death results from suicide within two years from the date your policy comes into effect. We will refund your premiums in this case. In addition, the Accidental Death Benefit isn't payable if your death occurs directly or indirectly from: The use of drugs or the influence of alcohol War or civil disorder The commission or an attempt to commit, a criminal offence |
Your beneficiary will not receive benefits if:
You provide false, incorrect or incomplete information during the application process. Your death results from suicide within two years from the date your policy comes into effect. We will refund your premiums in this case. |
This information is only a summary. Actual terms, exclusions and limitations are explained in the policy.
Footnotes:
Insurance issued by BMO Life Assurance Company
1. Coverage amount is based on premium level chosen, gender, age and smoking status given that not all coverage options will be available
2. If you're 65 and over, you have to apply for at least $250,000 of coverage. Full underwriting applies for coverage over $249,999.
3. Helping Hands® services provided by Shepell●fgi L.P. Registered trademark of Shepell●fgi L.P., used under license.