Life changes could affect your family if you do not make an adequate plan for the future. BMO’s term insurance is the right life insurance plan for you to plan for the future and protect your family. The plan is affordable, flexible, convenient and easy. You can easily get all the help you need on phone from the licensed insurance advisors.
BMO’s term insurance offers five terms, allowing you to choose the option that is best for you. You can choose the 10, 15, 20, 25 or 30-year plan and for each of the plans you choose, your premiums are guaranteed to stay the same within the plan duration. Furthermore, the coverage option for this plan is between $100,000 and $5 million. In addition, the coverage amount is paid directly to your beneficiary and it is tax-free.
Why BMO’s Term Life Insurance Makes Sense
BMO term insurance offers several optional and additional features that allow you to customize your plan to suit your needs. For instance, the plan includes critical illness benefit and waiver of premium. However, you will not be covered if your death results from suicide within two years from the time your policy becomes effective and also your claims will be denied if you provided false information when applying for the plan.