BMO Whole Life Insurance

Whole life insurance coverage offers policy owners permanent life insurance protection that comes with fixed level premiums payable for a fixed term, as well as lifetime insurance protection.

What is whole life insurance?

Whole life insurance coverage offers policy owners permanent life insurance protection that comes with fixed level premiums payable for a fixed term, as well as lifetime insurance protection.

Whole life insurance can be ideal if you're considering planning your estate and need a source of funds that will help your beneficiaries to:

  • Cover your funeral expenses.

  • Looking to replace your lost future income, in the event of your demise.

  • Cancel the taxes which will become payable on your RRSP.

  • Lower the impact of taxes on other taxable assets in your estate

  • Give a charity of your choosing a sizable financial gift in your name

Financial protection plus a source of cash

Looking to maximize the benefit you leave behind for your loved ones and offset the impact that taxes could have on your estate’s value? Then you should consider getting whole life insurance.

Get the best Insurance Quote from BMO Insurance

Call 1 844-542-4678 to speak to our advisors.

With BMO Insurance whole life insurance, you'll get:

  • You premiums will be guaranteed. They are payable for 10 years, 20 years or up to the age of 100

  • Estate Protector and Wealth Accelerator to address distinct markets.

  • You will be guaranteed a cash value.

  • Performance bonus that will automatically increasethe cash value and death benefit.

  • The option to make additional payments above the required premiums.

  • Options to manage your insurance coverage if your financial situation changes by:

  • Lowering your premiums with a “Premium Switch Option”.
  • Taking a policy loan to pay for your premiums.
  • Stopping premiums for a reduced amount of coverage.
  • Stopping premiums and pay from additional payment balance and paid-up addition cash value.

Under the Income Tax Act (Canada), income tax on certain assets may be deferred under joint ownership or a spousal rollover. Ask the expert advisors at BMO Insurance for more details. Certain conditions apply*.

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Lalit Kumar

Mrs. Harpreet Puri is always friendly and professional and answers all of our questions with infinite patience. Helped us a lot in our health insurance. She is the best advisor.

Nippurn Kaushal

One of the best service provider in their field. I took a policy for my family and the plan I choose is the best and no other provider had that plan.Extremely satisfied by their services.

Baljeet Singh

Thank You so much for all of the work you did. I appreciated your prompt & honest communications as well as your efforts to make everything go smoothly. It was a pleasure to work with you.

Gurjinder Singh

Thank You so much for all of the work you did. I appreciated your prompt & honest communications as well as your efforts to make everything go smoothly. It was a pleasure to work with you.