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Insurance to fit any need.
Life insurance is a simple way to help protect your family’s financial future. Your beneficiaries receive the death benefit upon your death, to be used anyway they want. This money can help them, pay off all debts, children’s education; day-to-day expenses and maintain a suitable lifestyle.
Term Life Insurance
Most affordable and a simple life insurance. Your coverage is guaranteed at a guaranteed premium for a specific term (time). Flexibility to choose from a short term to a longer term plan. Perfect for when you have greater debt to protect, such as a mortgage, loans, school aged children and other financial obligations.
- Permanent Life Insurance
Provides lifetime protection, while your premiums will never change. Some products may build a cash value you can use while you’re living. You can add a term insurance as a rider, to protect long term and short term financial goals. Many more options are available to choose from. Great protection for final expense. Start a plan when your child is very young and the insurance is inexpensive; pay it off in 10 or 20 years; it locks in their future insurability and it builds cash value that your child may use for their education, buying a home, opening a business etc.
No Medical Life Insurance
Do you want your policy issued quickly? Have you been denied life insurance in the past? Afraid of medical exams or needles? These are just some of the reasons to choose No Medical Life Insurance. You are required to answer medical questions but you will not be subject to a medical examination.
- Guaranteed Life Issue Insurance
Provides lifetime coverage at a guaranteed premium, with no medical examination. Coverage is usually more expensive than other types of insurance and is limited to a maximum of $25,000 to $50,000. Suitable if you are not qualified for medical or no-medical life insurance and would like to leave something as a legacy or for covering final expenses. Most coverage are limited in the first two years.
- Mortgage Life Insurance
Protect your family from your mortgage debt. Decide between a decreasing term life insurance (more suitable for a business purpose) or a term life insurance plan where your coverage amount DOES NOT decrease while your mortgage amount decreases as in traditional mortgage life insurance from your borrowing institution. You also choose your own beneficiary.
Critical Illness Insurance
Pays a lump sum amount if you were to be diagnosed with an approved illness, such as a stroke, cancer and heart attack as per the contract or more illness as per the plan.
Protect your income if you were to become disabled due to accident or sickness. Off the job coverage available if you are covered with WSIB.
Not sure how much insurance you will require?
Life Insurance Needs Calculator
Not sure how much Life Insurance you will require to protect your family? Click here to obtain an instant instant needs assessment using our simple online tool.
I would like to share a life changing story told by customers of BMO Insurance with you. Through this, I hope we could learn from their experience, prepare for the unexpected, and gain the peace of mind you deserve.
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