Guaranteed-Life Plus

Features and Benefits

If you die due to an accident covered by the plan, the Accidental Death Benefit will pay your beneficiaries five times your basic benefit. This benefit will end when you turn 85. In addition, the plan includes a 30-day free look. This means that you can cancel the plan anytime within the first 30 days without any additional obligation on you.

• The plan provides coverage up to $50,000 in basic benefit and up to $250,000 in Accidental Death Benefit coverage.
• You have the liberty to choose the premium that is right for you. The options available are from $20 to $120 each month.
• The plan is for Canadians between age 40 and 75 (both inclusive).
• The plan offers guaranteed acceptance. This means that you can enroll in the plan regardless of your health status and without any medical question.
• Your beneficiaries can use the tax-free cash benefit they receive for any purpose they deem fit.
• The coverage for this plan will last as long as you keep on paying premiums up to age 95.
• The Accidental Death Benefit on this plan will become effective immediately you receive your application.
• The plan also includes a 30-day free look. This means that you can cancel the plan within 30 days if you are not satisfied, there will be no obligation on you if you cancel the plan within this time.
• You will not be covered or the benefit will not be paid if you provided false, incorrect or incomplete information duration the application process. The plan will not cover you if your death resulted from suicide within the first two years after your policy becomes effective.

Similar BMO Insurance Insurance Products

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Additional resources

Learn more about life insurance from these informative articles to help you decide in choosing the best plan for you.