BMO Insurance
Just the facts
Established
1817
AM best Rating
“A” (Excellent) – Ratings as of November 18, 2021
Total assets
$988 billion as of October 31, 2021
About BMO Insurance
As a member of BMO Financial Group and its Wealth Management operating group, BMO Insurance brings to you and your clients the financial strength and stability that comes from one of the most respected brands in Canada. Our insurance business has a solid history and reputation for being a trusted insurance provider for thousands of Canadians, including their families and businesses. Backed by the financial strength of BMO Financial Group and the legacy of our predecessor companies, BMO Insurance is confident that we are able to meet the financial obligations we make to all our policyholders.
Unique stand out qualities/Community involvement
When you work with BMO, you’ll benefit from:
- Innovative Products
- Easy to use Tools
- Effective Strategies
- Helpful forms and materials
Contributing
BMO Employees across North America support their communities through participation in an annual campaign to support United Way partners and other charitable organizations.
Walk so Kids can Talk
BMO employees fundraise each May in support of Walk so Kids Can Talk, a major fundraising event for Kids Help Phone.
Awards and Recognition
- BMO has been recognized across a number of corporate responsibility categories for our diligence, innovation and overall performance environment
- We’re focused on reducing our impact on and protecting the environment as we prepare for the low carbon economy of the future.
Environment
We’re focused on reducing our impact on and protecting the environment as we prepare for the low carbon economy of the future
Life Insurance product offerings
“Explore our comprehensive suite of insurance products including a full range of life and critical illness insurance policies, GIFs (segregated funds), and income annuities – all backed by the integrity, strength and brand recognition of BMO Financial Group.”
Universal Life Insurance
Help your clients protect their family (and business) from financial risk and benefit from tax-deferred accumulation on their net deposits. Universal life insurance is a great solution for clients who want to:
- Minimize the impact of taxes on their net estate value
- Maximize the wealth they leave to the next generation
- Access a tax efficient source of cash
- Cover or offset the cost of their final expenses
Term Life Insurance
Our term life insurance can be a great option for individuals, couples or business owners who:
- Have debt, a mortgage or other financial obligations
- Want to provide for their beneficiaries and cover final expenses in case of unexpected death
- Own a business and want to protect their company from the loss of a key employee
Non-Participating Whole Life Insurance
Help your client manage their financial risk with non-participating whole life insurance from BMO Insurance. Non-participating whole life insurance offers financial protection with guaranteed level premiums making it a great option for clients who:
- Are looking to maximize the value of their estate
- Would like a tax efficient way to protect the value of their business
- Need a cost effective way to replace their lost income or pay off debt in case of their death
Critical Illness Insurance
Although no one thinks it could happen to them, a critical illness can strike anyone at any time and could affect your client’s ability to:
- Support their family
- Meet their financial obligations
- Protect their assets and maintain their lifestyle
- Run their business
Income Annuities
Our income annuities are a worry-free option for older clients who want:
- Guaranteed income for the rest of their lives
- A low-risk income alternative to traditional investments
- Greater income than GICs provide
- Registered and non-registered funding options
Guaranteed Investment Funds
BMO Guaranteed Investment Funds (GIFs) offer a range of guarantee options designed to fit any investor profile, including:
- ‘Pre-retirees’ looking for higher potential returns while protecting their wealth
- Professionals and business owners in need of creditor protection and lower fees
- Retirees searching for higher potential returns without sacrificing capital preservation
- Older retirees focused on estate planning looking to preserve their wealth for the next generation.
Helpful Links
For further information regarding BMO see the links attached below:
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