Bmo term life insurance plans

BMO offers the following term life insurance plans:

BMO Term Life
BMO Insure NOW

Term Length	Eligibility	Coverage Options	Other Details
Term 10	18 to 75	$100,000 to $5 Million	Premiums stay the same for the entire selected term. Choice of optional extras like critical illness benefit and waiver of premium. Automatic renewal up to age 85 and convertible to up to age 70.
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
Premiums stay the same for the entire selected term. Choice of optional extras like critical illness benefit and waiver of premium. Automatic renewal up to age 85 and convertible to up to age 70.

Term Length	Eligibility	Coverage Options	Other Details
Term Coverage to Age 65	18 to 49	$50,000 to $250,000	No medical exams. Coverage begins immediately after your application is received and first premium is paid. Optional extended life benefit past age 65. No premiums are required after age 65.
No medical exams. Coverage begins immediately after your application is received and first premium is paid. Optional extended life benefit past age 65. No premiums are required after age 65.

OUR REVIEWS

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

WHY CHOOSE US

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

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

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 $500,000 in coverage

By offering up to $500,000 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

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

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

Term Life Insurance - Simplicity in every sense of the term