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BMO Term Life Insurance

BMO offers you flexible and affordable Term Life Insurance options that are simple to apply for and provide comprehensive coverage. BMO Term Life Insurance has a tax-free benefit that is paid directly to your chosen beneficiary to be used as they choose. Term Life Insurance from BMO also comes with optional add-ons like Critical Illness and Waiver of Premium Rider to help you maximize your coverage.

BMO offers the following term life insurance plans:

Term Length

Eligibility

Coverage Options

Other Details

Term 10

18 to 75

$100,000 to $5 Million

Term 15

18 to 70

$100,000 to $5 Million

Term 20

18 to 65

$100,000 to $5 Million

Term 25

18 to 60

$100,000 to $5 Million

Term 30

18 to 55

$100,000 to $5 Million

Term Length

Eligibility

Coverage Options

Other Details

Term Coverage to Age 65

18 to 49

$50,000 to $250,000


OUR REVIEWS

We appreciate our customers’ feedback! Here’s what our clients are saying about us.


WHY CHOOSE US

No medical exams

No medical exams

We’ve removed the most significant barrier stopping most Canadians from getting insured. Our plan requires no medical exams to qualify for coverage, meaning no tests, needles or waiting for results to see if you can apply.

No appointments

No appointments

There are no appointments to schedule and no need to meet with an agent face-to-face. With our plan, you can complete your application over the phone with one of our helpful and friendly advisors.

No paperwork

No paperwork

Extremely long health questionnaires and other tedious paperwork requirements are used by many insurers when applying for coverage. With us, there is absolutely zero paperwork for you to fill out.

Up to $1,000,000 in coverage

Up to $1,000,000 in coverage

By offering up to $1,000,000 in benefit amounts, our term life insurance coverage is suited to help provide financial protection for any need in life. Whether you’ve got loved ones to look after or you’ve just purchased a home, our plan will work for you.

Simple Online Application

Simple Online Application

Our application process is easy, quick, and done entirely online at your own pace. The process we’ve created is designed to be hassle-free at every stage so you can get the coverage you are looking for faster.

No Premium Surprises

No Premium Surprises

There’s nothing worse when it comes to your life insurance plan than finding out your premiums have suddenly increased. That’s why, with our plan, your premiums are guaranteed to remain the same for the duration of the policy.

Knowledge CENTRE

Learn more about Term Life Insurance and see how a policy can work for you with these helpful tools and resources.

Hidden Field

TIPS

Helpful tips for purchasing, reviewing, and living with a term life insurance plan.


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Q&A

We address some of the most common questions about life insurance.


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Calculator

Calculate how much term life insurance you need.