BMO Insurance

Products & Services

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  Term Life Insurance

  Affordable life insurance designed to protect what matters most. Life can change unexpectedly. BMO Insurance Term Life Insurance provides affordable financial protection for a specified period, helping you safeguard your family's financial future if the unexpected happens. Whether you're purchasing your first home, raising a family, growing your business, or managing financial obligations, term life insurance offers straightforward coverage designed to meet your temporary protection needs. BMO Insurance offers flexible coverage options that allow eligible Canadians to choose a solution aligned with their financial goals and stage of life.

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  Whole Life Insurance

  Lifelong protection with guaranteed coverage and lasting financial value. BMO Insurance Whole Life Insurance is designed to provide permanent life insurance protection that can last a lifetime, provided policy requirements are met. In addition to lifelong coverage, eligible policies may build guaranteed cash values over time, helping support your long-term financial objectives. Whole life insurance can be an effective solution for individuals and families looking to protect their loved ones, preserve wealth, support estate planning, or leave a financial legacy. With predictable premiums and long-term stability, it offers confidence for every stage of life.

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  Universal Life Insurance

  BMO Insurance Universal Life Insurance combines permanent life insurance protection with the opportunity to build tax-advantaged investment value within the policy. Designed for individuals seeking long-term financial flexibility, it allows eligible policyowners to customize their coverage and premium structure based on their changing financial needs. Whether your goal is protecting your family, planning your estate, growing wealth, or leaving a financial legacy, Universal Life Insurance can become an important part of a comprehensive financial strategy.

• Term 100 Life Insurance

  BMO Insurance Term 100 Life Insurance provides permanent life insurance coverage with guaranteed level premiums payable to age 100. It is designed for individuals who want lifelong protection without the cash value component typically associated with other permanent life insurance products. Term 100 Life Insurance can help provide financial security for your loved ones, support estate planning objectives, and help protect your legacy. With straightforward, predictable coverage, it offers long-term peace of mind for individuals and families.

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  Critical Illness Insurance

  A serious illness can have a significant financial impact beyond medical treatment. BMO Insurance Critical Illness Insurance is designed to provide a tax-free lump-sum benefit if you are diagnosed with a covered critical illness and satisfy the policy conditions. The benefit can be used however you choose—whether to replace lost income, cover medical or recovery-related expenses, modify your home, or simply reduce financial stress while focusing on your recovery. Critical Illness Insurance can help protect your savings and provide financial flexibility during one of life's most challenging times.

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  Guaranteed Investment Funds (GIFs)

  Growth potential with insurance protection. BMO Insurance Guaranteed Investment Funds (GIFs) are segregated fund contracts that combine investment opportunities with valuable insurance features. They are designed for individuals seeking long-term growth potential while benefiting from features such as maturity and death benefit guarantees, subject to the terms and conditions of the contract. GIFs offer access to professionally managed investment funds across a variety of asset classes and investment objectives. They can also support estate planning through features such as the direct designation of beneficiaries, which may help simplify the transfer of assets. Whether you're saving for retirement, building wealth, or planning your legacy, Guaranteed Investment Funds can play an important role in a diversified financial strategy.

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  Segregated Funds

  Insurance-based investment solutions offering growth potential together with maturity and death benefit guarantees, helping support long-term investment and estate planning goals.

• First Home Savings Account (FHSA)

  Save for your first home with valuable tax advantages. A First Home Savings Account (FHSA) is a registered savings plan designed to help eligible Canadians save for the purchase of their first home. Eligible contributions may be tax-deductible, while investment growth and qualifying withdrawals used to purchase a first home are generally tax-free, subject to applicable tax legislation. Through BMO Insurance, eligible investment solutions such as Guaranteed Investment Funds (GIFs) may be held within an FHSA, allowing you to combine the tax benefits of a registered account with the insurance features available through segregated fund contracts. Whether you're just starting to save or accelerating your homeownership goals, an FHSA can be an important part of your financial plan.

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  Tax-Free Savings Account (TFSA)

  Grow your savings tax-free with flexible investment options. A Tax-Free Savings Account (TFSA) is one of Canada's most flexible registered savings plans. It allows eligible Canadians to grow their investments on a tax-free basis, meaning investment earnings and qualified withdrawals are generally not subject to Canadian income tax. Through BMO Insurance, eligible investment solutions such as Guaranteed Investment Funds (GIFs) may be held within a TFSA, allowing you to combine the tax advantages of a registered account with the insurance features available through segregated fund contracts. A TFSA can be used for many financial goals, including building an emergency fund, saving for a home, retirement planning, or creating long-term wealth.

• Registered Retirement Savings Plan (RRSP)

  Build your retirement savings with tax advantages. A Registered Retirement Savings Plan (RRSP) is one of Canada's most effective long-term retirement savings vehicles. Eligible contributions may provide tax deductions, while investments can grow on a tax-deferred basis until funds are withdrawn, subject to applicable tax rules. Through BMO Insurance, eligible investment solutions such as Guaranteed Investment Funds (GIFs) can be held within an RRSP, combining the tax advantages of a registered retirement plan with the insurance features available through segregated fund contracts. Whether you're planning for retirement, reducing taxable income, or building long-term wealth, an RRSP can play a key role in your financial strategy.

• Registered Retirement Income Fund (RRIF)

  Turn your retirement savings into retirement income. A Registered Retirement Income Fund (RRIF) is a registered retirement income plan that allows Canadians to convert their retirement savings into a regular source of income. Investments within the account continue to grow on a tax-deferred basis while minimum annual withdrawals are required under Canadian tax legislation. Through BMO Insurance, eligible investment solutions such as Guaranteed Investment Funds (GIFs) may be held within an RRIF, combining the tax advantages of a registered retirement income plan with the insurance features available through segregated fund contracts. An RRIF is commonly used after retirement to help create a structured income strategy while maintaining exposure to long-term investment opportunities.

• Locked-In Retirement Account (LIRA)

  Preserve your pension savings for retirement. A Locked-In Retirement Account (LIRA) is a registered retirement account designed to hold pension funds transferred from an eligible registered pension plan when you leave an employer. Unlike a standard RRSP, funds in a LIRA are generally locked in and intended to provide retirement income, with withdrawals governed by applicable pension legislation. Through BMO Insurance, eligible investment solutions such as Guaranteed Investment Funds (GIFs) may be held within a LIRA, combining long-term investment opportunities with the insurance features available through segregated fund contracts. A LIRA helps Canadians continue growing their retirement savings while preserving pension assets for future retirement income.

• Life Income Fund (LIF)

  Convert locked-in retirement savings into retirement income. A Life Income Fund (LIF) is a registered retirement income account designed to provide retirement income from pension funds that were previously held in a Locked-In Retirement Account (LIRA) or another eligible locked-in retirement plan. It allows your investments to remain tax-deferred while providing regular income during retirement, subject to minimum and maximum annual withdrawal limits established by applicable pension legislation. Through BMO Insurance, eligible investment solutions such as Guaranteed Investment Funds (GIFs) may be held within a LIF, combining the tax advantages of a registered retirement income account with the insurance features available through segregated fund contracts. A LIF can help retirees create a structured retirement income strategy while continuing to benefit from professionally managed investment solutions.

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  Non-Registered Investments

  Flexible investing without registered plan limits. A Non-Registered Investment Account provides a flexible way to invest without the contribution limits and withdrawal rules associated with registered plans such as a TFSA or RRSP. It can be an effective solution for individuals who have maximized their registered account contribution room or who require greater flexibility in managing their investments. Through BMO Insurance, eligible investment solutions such as Guaranteed Investment Funds (GIFs) may be held within a non-registered account, allowing investors to benefit from professionally managed investments and the insurance features available through segregated fund contracts. A non-registered account can play an important role in building long-term wealth, generating investment income, and supporting estate planning objectives.

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  Income Annuities

  Guaranteed income designed for retirement. BMO Insurance Income Annuities provide a predictable stream of income that can help support your financial needs during retirement. By converting a lump sum into regular payments, an annuity can help create reliable income while reducing concerns about market fluctuations. Income payments can be structured to meet your financial objectives and may be available for your lifetime or for a guaranteed period, depending on the annuity option selected. Optional features may also be available based on the contract. Income Annuities can be an effective solution for individuals looking to complement government benefits, workplace pensions, and personal retirement savings.

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