Life 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.
Get a life insurance quote
- Select a product
- Term Life Insurance
- Term Life
- Permanent Life Insurance
- EasyOne Life
- Guaranteed Life Plus
- Term 100
Get a quote
Find the life insurance option that’s right for you
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 |
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Coverage amount | From $100,000 to 5,000,000 |
Who can buy | Ages 18 to 75 |
Assessment of your health |
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This product may be right for you if: |
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Get a quote |
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.
Permanent Life Insurance Plans | EasyOne Life | Guaranteed Life Plus | Term 100 |
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Coverage amount | From $5,000 to $50,000 |
| 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: |
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Learn more |
Learn more Get a quote |
Learn more Get a quote |
Learn more Get a quote |
Guaranteed Life Plus | |
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Coverage amount |
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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: |
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Learn more | Get a quote |
Term 100 | |
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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: |
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Learn more | Get a quote |
BMO Insurance Whole Life Plan | |
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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: |
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Learn more |
Call 1-855-422-8690 Request a call |
Universal Life | |
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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: |
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Learn more |
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Permanent Life Insurance Plans |
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Coverage amount |
Who can buy |
Assessment of your health |
This product may be right for you if: |
EasyOne Life |
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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. |
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Learn more Get a quote |
Guaranteed Life Plus |
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Ages 40 to 75 |
No medical exam is required to apply. |
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Learn more Get a quote |
Term 100 |
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From $50,000 to $5 million |
Ages 18 to 80 |
A medical exam may be required.1 |
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Learn more Get a quote |
BMO Insurance Whole Life Plan |
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From $50,000 to $20 million |
Ages 0 to 80 |
A medical exam may be required.1 |
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Learn more |
Universal Life |
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From $50,000 to $20 million |
Ages 0 to 80 |
A medical exam may be required.1 |
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Learn more
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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.

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?
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