BMO Insurance: Life, Car, Property, Travel Plans with Benefits

In this article titled “BMO Insurance”, we shall discuss varieties of topics under it. Therefore, you should pay keen attention while reading it. Some of the subtopics we shall study in article are: About BMO Insurance, BMO Life Insurance, Term Life Insurance Plans, Permanent Life Insurance Plans, BMO Term 100, etc.

About BMO Insurance

BMO Insurance is a subsidiary or the BMO Financial Group that came into existence in 1817. The company has moved from strength to strength in rendering insurance services and other products. Their insurance coverage, benefits and prices are top notch.

In terms of rating, the A.M. Best Company rate the BMO Insurance with an A. This is as a result of the company carrying out its services and products efficiently. Another notable place you can experience the capabilities of the company is in their Life Insurance Capital Adequacy Test (LICAT) ratios.

It has always been the way of the company to establish good company-customer relationship. To this effect, customers have the opportunity to obtain expert insurance product design and underwriting. Also, they can access competent customer service personnels, that can attend to their needs.

Recommended: Liberty Mutual Insurance Group

BMO Life Insurance

Change is the only constant thing in life. So, as the world is changing, insurance needs are also changing. That is why you need a life insurance. The purpose of life insurance is to enable your family and loved ones have financial security when you die. It wouldn’t be wise that after your life on earth, people you left behind won’t be financially stable.

Under the BMO Life insurance, there are various types of life insurance. All you need to do is to select the one that suits you and we can offer our assistance. The company provides various products that give tax-free benefits, from which you can: 

  • Alter or change your income to stabilize your family’s standard of living.
  • Safeguard the future career of your dependent by taking care of education and other needs.
  • Take care of your home expenses and debts.
  • Cover for final expenses and funeral costs.

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Term Life Insurance Plans

In term life insurance, there is a stipulated number of years that you can enjoy the coverage of the company. After that period of time elapses, you aren’t eligible anymore. The benefit of this is that, it is affordable and flexible. Due to the fact that you are covered for the length of time that you chose, your premiums are smaller at the start.

Those that are just starting out this life insurance and expanding their family, will definitely find this type of life insurance beneficial.

Permanent Life Insurance Plans

In Permanent life insurance, you enjoy a life coverage without any stipulated time. Here, your age will not have influence on your premiums. It may stay stagnant depending on the product you subscribe to. The benefits of Permanent insurance is that, it gives a long lasting coverage and saves you stress. Also, it assists you to cover for final expenses.

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BMO Term 100

When you hear Term 100, what comes to your mind? The BMO Term 100 simply refers to a permanent life insurance protection plan that gives you a long lasting insurance and a sure payable level premiums till the age of 100.

Advantages Of Term 100

Permanent coverage

  • With your premiums settled out, you are sure of enjoying long lasting coverage.
  • You will have stable or fixed premiums after the you reach 100 years.
  • Also, you can decide the amount of coverage that will suit you, ranging from $50,000 to $5 million.

Optional Extras

  • You may just want to add some of the various Term 100 optional riders to your policy. However, you always have the attention of the company’s licensed Insurance Advisors you can put you through on the right decision to make.

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BMO Insurance Phone Number

In a situation that you want to contact the BMO Insurance, for inquiry or complaint, please call: 1-855-745-7331.

BMO Car Insurance Phone Number

If you wish to get your claim or insure your car, call the company at 1-855-587-8995.

BMO Property Insurance

Property here entails both your home, land, stores, etc. The BMO Property insurance is as important as any other insurance package. You wouldn’t want your properties to waste or damage without protection. Therefore, it is advisable to insure your properties under the BMO Property Insurance.

Recommended: The Canada Life Assurance Company

Related Posts


What Is BMO Death Benefit?

This is the money paid to the policy owner-insured. It is a maximum of $250,000.

What Is The BMO Insurance Credit Rating?

The company has an A1 rating from the A.M. Best Company. This is as a result of the company’s competence and commitment in being effective.

What Is The BMO World Elite Insurance Number?

The number is 1-877-704-0341 or 519-741-0782.

What Is BMO Insurance Toll Free Number?

The BMO Insurance toll free number is 1-800-387-4483.

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When Did BMO Insurance Come Into Existence?

It came into existence in existence in 1817.

Where Is The Strong Hold Of BMO Insurance?

You can experience the capabilities of the company is in their Life Insurance Capital Adequacy Test (LICAT) ratios.


After going through this article, I believe that you will find it helpful. However, you can carry out more research on the “BMO Insurance” to get more details.

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