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Insurance Concepts

Explore our innovative insurance and wealth planning strategies to help your client make the most out of our products.

Personal insurance concepts

Find out how your clients can benefit from our innovative products and personal financial planning concepts.

Estate Preserver Plan

For individuals and couples who want to help offset taxes due on their estate.

How it works:

Purchase enough life insurance to cover your client’s projected taxes at death.

Get the details now. Download the advisor guide today.

Estate Preserver Plan - Advisor Guide (469E)
Estimate of Taxes and Charges Worksheet (468E)

Personal Asset Transfer Plan

For individuals or couples with significant assets looking to maximise the amount they transfer to their heirs.

How it works:

Have your client choose a tax-exempt life insurance policy and select an investment mix that works for them. Then, designate your client as the owners and their heirs as the beneficiaries. Upon your client’s death the value of the policy passes tax efficiently to their heirs.

Get the details now. Download the advisor guide and client brochure.

Personal Asset Transfer Plan - Advisor Guide (800E)
Personal Asset Transfer Plan for Whole Life - Client Brochure (802E)

Family Asset Transfer Plan

For individual retirees or ‘pre-retirees’ looking for a tax effective way to pass on their assets to their children or grandchildren*.

How it works:

Your client purchases insurance on an adult child (or grandchild). Then your client can choose to transfer the policy to their child or grandchild either while they are alive or at death.

Get the details now. Download the advisor guide and client brochure.

Family Asset Transfer Plan - Advisor Guide (321E)
Family Asset Transfer Plan - Client Brochure (322E)

Mortgage solutions

For individuals (or couples) who want to ensure their outstanding mortgage payments are covered in case of premature death or a critical illness.

How it works:

Purchase term life insurance to cover current mortgage balance and potentially bundle critical illness protection for more complete protection.

Get the details now. Download the advisor guide and client brochure.

Mortgage Insurance Solutions - Advisor Guide (366E)
If I were no longer around, who would pay my mortgage? (364E)

BMO Insurance Insured Retirement Plan

For individuals and couples who want some life insurance coverage combined with supplemental retirement income.

How it works:

Your client maximum funds a universal life or whole life policy. When they retire, they assign the Cash Value of the policy as collateral for a loan which can provide a source of tax-free income. The outstanding loan balance is paid back using the proceeds of the tax-free death benefit.

Get the details now. Download the advisor guide and client brochure.

Insured Retirement Plan Advisor Guide (504E)
Case Study: Insured Retirement Plan (517E)

SmartApp

Use SmartApp to prepare quotes and submit your clients’ life insurance applications.

SmartApp

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Call or email us today for more information about how we can help you.

* BMO Insurance requires that an insurable interest is established between the parent (or grandparent) and the child (or grandchild). For purposes of underwriting, an insurable interest is defined as a demonstrated financial loss that would be incurred by the owner and beneficiary upon the death of the insured; blood relation by itself does not constitute an insurable interest.

Business insurance concepts

Find out how business owners can benefit from our innovative products and financial planning concepts.

Business woman in office smiling about BMO Insurance Concepts

Corporate Asset Transfer Plan

For business owners who need life insurance and want to eventually liquidate and transfer their corporation’s passive assets to their heirs upon their death in a tax efficient manner.

How it works:

Your client funds a tax-exempt life insurance policy (like a universal life or whole life policy) with their corporation’s passive assets. They’ll benefit from tax-deferred growth on their net investments. Then, upon death, the funds are tax efficiently transferred to their heirs.

Get the details now. Download the advisor guide and client brochure today.

Business woman in office smiling about BMO Insurance Concepts

BMO Insurance Corporate Insured Retirement Plan

For small business owners of Canadian corporations who want to help protect their business with life insurance and create a source of cash which can be accessed in a tax efficient manner.

How it works:

Maximum fund a universal life policy based on the insurance and investment objectives of the corporation. Then use the cash value of the policy as collateral for bank loans which can be repaid with the death benefit proceeds.

Get the details now. Download the advisor guide and client brochure today.

SmartApp

Use SmartApp to prepare quotes and submit your clients’ life insurance applications.

SmartApp

Get in touch with us

Call or email us today for more information about how we can help you.

The ideas presented here should be reviewed for suitability to individual circumstances. The information contained in this guide is general in nature and should not be construed as legal or tax advice. You and your clients are encouraged to seek the advice of other professionals such as legal and tax experts to ensure that the ideas presented are appropriate for the circumstances of the individual(s) for whom this plan is being considered.