BMO Life Insurance is one of the many banks that are offering Life insurance in Canada. Unlike many of the other banks in Canada that offer life insurance quotes, BMO is different (better). The reason for that is that BMO actually owns a real life insurance company, with a full portfolio of life insurance products, which is very unique when it comes to bank issued life insurance policies.
BMO took over the Canadian division of AIG, last year when AIG got into troube in the US. The Canadian part of AIG was actually very healthy financially and that’s why the American International Group in the States had to sell it. So when BMO decided to buy it in April of 2009, it was a great move for all parties concerned.
The Bank of Montreal was able to get a good life insurance company and be a player in the life insurance market in Canada, and the consumers in Canada now have access to the great life insurance products that AIG used to offer Canadians. BMO Life offers 10 year term insurance, 20 year term insurance and even 30 year term insurance. They also offer competitive Universal Life plans, and Whole life plans. BMO is also very competitive in the Critical Illness Market.
Here at the Quote Shop we believe in transparency and freedom of information and our comparison calculator above will do the shopping and comparing for you.
So what I would encourage you to do is use our life insurance shopping calculator above and see for yourself if BMO life is the right company for you.
