Life Insurance

BMO Insurance

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.

Call or get a quote online

Call 1-855-422-8690

Get a life insurance quote

Select a product
Term Life Insurance
Term Life
Permanent Life Insurance
EasyOne Life
Guaranteed Life Plus
Term 100

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Find the life insurance option that’s right for you

Term Life Insurance A flexible option where you choose the amount and length of coverage. Permanent Life Insurance Lifelong coverage with either guaranteed acceptance or a simple health declaration.

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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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Featured 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. BMO Insurance offers products that are easier to qualify for including EasyOne Life and Guaranteed Life Plus which feature no medical or limited health questions to apply and lower coverage levels available.

Featured Permanent Life Insurance Plans
Permanent Life Insurance Plans	EasyOne Life	Guaranteed Life Plus	Term 100
Coverage amount	From $5,000 to $50,000	Up to $50,000 in basic benefit coverage. Up to 5x basic benefit for accidental death coverage.	From $50,000 to $5 million
Who can buy	Ages 50 to 80	Ages 40 to 75	Ages 18 to 80
Assessment of your health	You are automatically approved if you can sign a declaration of health that says you have no Serious Illness. Serious Illness (a) In the 5 years prior to the Effective Date, you have been diagnosed with or had symptoms of heart disease, stroke, high blood pressure (greater than 160/110), diabetes mellitus requiring insulin, chronic renal disease, chronic obstructive pulmonary/lung disease (COPD/COLD) [e.g. chronic bronchitis or emphysema], cirrhosis of the liver, cancer (all types, including leukemia, Hodgkin's disease, lymphoma) or hepatitis C; or (b) Prior to or on the Effective Date you were under treatment or medication for any of the conditions listed in (a) other than high blood pressure; or (c) Prior to or on the Effective date, you had a positive HIV test or were treated, counselled or told that you have AIDS (acquired immune deficiency syndrome), or any other immunological disorder [such as systemic lupus erythematosus (SLE, lupus)]; or (d) Prior to or on the Effective Date, you have been told you have or you have received treatment for dementia including Alzheimer's, amyotrophic lateral sclerosis (ALS, Lou Gehrig's disease), multiple sclerosis (MS), Parkinson's, cystic fibrosis or muscular dystrophy.	No medical exam is required to apply.	A medical exam may be required.¹
This product may be right for you if:	you are looking for lifelong coverage you are looking for coverage under $50,000	you are looking for life and accidental death benefits you are looking for guaranteed acceptance with no medical questions to apply	you want coverage for life you want higher coverage options
Learn more	Learn more Get a quote	Learn more Get a quote	Learn more Get a quote

Guaranteed Life Plus
Coverage amount	Up to $50,000 in basic benefit coverage. Up to 5x basic benefit for accidental death coverage.
Who can buy	Ages 40 to 75
Assessment of your health	No medical exam is required to apply.
This product may be right for you if:	you are looking for life and accidental death benefits you are looking for guaranteed acceptance with no medical questions to apply
Learn more	Get a quote

Term 100
Coverage amount	From $50,000 to $5 million
Who can buy	Ages 0 to 80
Assessment of your health	A medical exam may be required.¹
This product may be right for you if:	you want coverage for life you want higher coverage options
Learn more	Get a quote

BMO Insurance Whole Life Plan
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.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 open pop-up window to access request a call form.

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.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 Email Quebec & Atlantic Canada 1-866-217-0514 Email Western & Northern Canada 1-877-877-1272 Email

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

EasyOne Life Plan
EasyOne Life
From $5,000 to $50,000
Ages 50 to 80
You are automatically approved if you can sign a declaration of health that says you have no Serious Illness. Serious Illness (a) In the 5 years prior to the Effective Date, you have been diagnosed with or had symptoms of heart disease, stroke, high blood pressure (greater than 160/110), diabetes mellitus requiring insulin, chronic renal disease, chronic obstructive pulmonary/lung disease (COPD/COLD) [e.g. chronic bronchitis or emphysema], cirrhosis of the liver, cancer (all types, including leukemia, Hodgkin's disease, lymphoma) or hepatitis C; or (b) Prior to or on the Effective Date you were under treatment or medication for any of the conditions listed in (a) other than high blood pressure; or (c) Prior to or on the Effective date, you had a positive HIV test or were treated, counselled or told that you have AIDS (acquired immune deficiency syndrome), or any other immunological disorder [such as systemic lupus erythematosus (SLE, lupus)]; or (d) Prior to or on the Effective Date, you have been told you have or you have received treatment for dementia including Alzheimer's, amyotrophic lateral sclerosis (ALS, Lou Gehrig's disease), multiple sclerosis (MS), Parkinson's, cystic fibrosis or muscular dystrophy.
you are looking for lifelong coverage you are looking for coverage under $50,000
Learn more Get a quote

Guaranteed Life Plus Plan
Guaranteed Life Plus
Up to $50,000 in basic benefit coverage. Up to 5x basic benefit for accidental death coverage.
Ages 40 to 75
No medical exam is required to apply.
you are looking for life and accidental death benefits you are looking for guaranteed acceptance with no medical questions to apply
Learn more Get a quote

Term 100 Plan
Term 100
From $50,000 to $5 million
Ages 18 to 80
A medical exam may be required.¹
you want coverage for life you want higher coverage options
Learn more Get a quote

BMO Insurance Whole Life Plan
BMO Insurance Whole Life Plan
From $50,000 to $20 million
Ages 0 to 80
A medical exam may be required.¹
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 open pop-up window to access request a call form.

Universal Life Plan
Universal Life
From $50,000 to $20 million
Ages 0 to 80
A medical exam may be required.¹
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 Email Quebec & Atlantic Canada 1-866-217-0514 Email Western & Northern Canada 1-877-877-1272 Email

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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.¹

88^%

of surveyed Canadians aren’t familiar with the different types of life insurance options available.²

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 open pop-up window to access request a call form.

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

Help protect your family with term life insurance

Life Insurance

Life Insurance

Find the life insurance option that’s right for you

Term Life Insurance Plans

Featured Permanent Life Insurance Plans

Life insurance 101: What it is and how it works

Looking for more information?

Secure Your Life

Have questions about your life insurance needs?