As life changes, insurance needs can change too. Life insurance is a way to help ensure that your family’s financial future will be protected. We offer different types of life insurance and we can help you find the solution that’s right for you.


We offer products that provide tax-free benefits* which can help:


  • Replace your income to maintain your family’s standard of living.
  • Secure your dependent’s future by covering education and other needs.
  • Cover your home expenses and debts.
  • Pay for final expenses and funeral costs.

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Find the life insurance option that’s right for you

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Term Life Insurance Plans



Term life insurance provides you with coverage for a set number of years and is typically one of the most cost effective options. Your premiums are initially lower as you are only covered for the term you choose.


Term insurance can be good if you are just starting out, are expanding your family or if you just took on a lot of debt like a mortgage.


Term Life Insurance Plans
Term Life Insurance Plans Term Life
Coverage amount From $100,000 to 5,000,000
Who can buy Ages 18 to 75
Assessment of your health
  • A medical exam is required.
This product may be right for you if:
  • You want coverage for 10, 15, 20, 25 or 30 years
  • You want options to renew** & convert your policy
Get a quote
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Permanent Life Insurance Plans



Permanent life insurance provides you with coverage for life, and depending on the product, your premiums may never increase as you age. Permanent insurance can be a good solution if you simply want the peace of mind that you will always be covered, or you do not have life insurance but want final expenses to be covered.



Permanent Life Insurance Plans
Coverage amount
Who can buy
Assessment of your health
This product may be right for you if:
Universal Life
Coverage amount

From $50,000 to $20 million

Who can buy

Ages 0 to 80

Assessment of your health

A medical exam may be required., footnote 1

This product may be right for you if:
  • You are looking to minimize the impact of taxes on your net estate value
  • You are looking to maximize the wealth you leave to your loved ones
Learn more

Ontario
1-800-608-7303
Quebec & Atlantic Canada
1-866-217-0514
Western & Northern Canada
1-877-877-1272
BMO Insurance Whole Life
Coverage amount

From $50,000 to $20 million

Who can buy

Ages 0 to 80

Assessment of your health

A medical exam may be required., footnote 1

This product may be right for you if:
  • You are looking to maximize the value of your estate
  • You need a cost effective way to replace your lost income or pay off debt in case of your death
Learn more

Call
1-855-422-8690
Request a call
Term 100
Coverage amount

From $50,000 to $5 million

Who can buy

Ages 18 to 80

Assessment of your health

A medical exam may be required., footnote 1

This product may be right for you if:
  • you want coverage for life
  • you want higher coverage options
Learn more

Get A Quote

Life insurance 101: What it is and how it works

 

We can't control everything that happens to us in life, but we can be better prepared for whatever it throws our way.

 

16%
Of surveyed Canadians feel like they have a strong understanding of how life insurance works., footnote 1
88%
of surveyed Canadians aren’t familiar with the different types of life insurance options available., footnote 2

 

 

Read More

 

Looking for more information?

Learn more about life insurance and your needs with our calculator and helpful resources.

How much coverage do I need?

Frequently asked questions

Understanding insurance terms

Secure Your Life

Not sure where to start? No matter what your needs, our learning centre is packed with tips and ideas to help you create a financially secure future for you and your loved ones.

Learning Centre

 

Have questions about your life insurance needs?

 

 

Call
1-855-422-8690
Request a call

Have a licensed insurance advisor contact you

  • 1. Subject to underwriting requirements.
  • 1 Survey commissioned by BMO Life Assurance Company completed by Pollara between October 22–24, 2014, with an online sample of 1,002 Canadians 18 years of age and older.
  • 2 Survey commissioned by BMO Life Assurance Company completed by Pollara between July 2–4, 2014, with an online sample of 1,005 Canadians 18 years of age and older.
  • * Under current tax legislation. Any interest earned during the claims process may be taxable.
  • ** 10, 15, and 20 year Term Life policies are renewable and convertible, while 25 and 30 year policies are non-renewable and convertible