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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

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
insureNOW
Coverage amount From $50,000 to $250,000
Who can buy Ages 18 to 49
Assessment of your health No medical exam required to apply.
This product may be right for you if:
  • you want coverage until age 65
  • you want a simplified term life insurance with no medical exam
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.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?

  • Subject to other 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