Universal life insurance
Help your clients protect their family (and business) from financial risk and benefit from tax-deferred accumulation on their net deposits. Universal life insurance is a great solution for clients who want to:
- Minimize the impact of taxes on their net estate value
- Maximize the wealth they leave to the next generation
- Access a tax efficient source of cash
- Cover or offset the cost of their final expenses
Universal life insurance plans
If your clients are looking for a flexible universal life plan with solid guarantees, competitive rates and the widest selection of investment options of any universal life plan in Canada, take a look at the Life Dimensions family of plans.
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Life Dimensions
For clients looking for permanent coverage and access to investment options with tax deferred accumulation. This plan also includes guaranteed bonuses to help boost growth.
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Life Dimensions (Low Fees)
For fee-sensitive clients looking for permanent insurance coverage, access to investment options with tax-deferred accumulation and lower fees. This plan also includes the InvestorMaximizer to help maximize tax deferred growth.
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Wealth Dimensions
For high net worth clients and business owners who need permanent insurance, investment options that optimize tax-deferred accumulation and lower fees. This plan also includes the InvestorMaximizer to help maximize tax deferred growth.*
Our universal life plans
Life Dimensions, Life Dimensions (Low Fees) and Wealth Dimensions offer:
Coverage for ages 0-80 from $50,000 to $20,000,000
YRT 100, YRT 85/20 and Level Cost of Insurance options
A wide selection of optional riders and benefits
BMO Insurance Health Advocate™ Plan
For more details check out the Universal Life Portfolio at a Glance (362E).
Investment options
We offer over 200 investment options so your client can choose an investment strategy that fits their goals and risk tolerance. Investment options include:
Over 200 different indexed interest accounts
Enhanced Market Indexed Account (EMIA)
Guaranteed Market Indexed Accounts (GMIA)
5, 10, 20, and 30 year Guaranteed Interest Accounts (GIA)
Daily Interest Account
Enhanced Market Indexed Account
If your clients are looking to get the security typically offered on a guaranteed interest account AND the upside potential of returns linked to equity market performance, an Enhanced Market Indexed Account (EMIA) may be what they’re looking for. Ideal for clients who are looking for a more predictable (or smoothed) return in their UL policy that’s also guaranteed to never be negative.
There is currently one EMIA option:
- North American Equity EMIA: linked to the performance of both the Low Volatility TSX (TXLV) and S&P500 (SP5LVI).
BMO Insurance Health Advocate™ Plan
With universal life insurance your clients will also have access to the BMO Insurance Health Advocate™ Plan, an industry leading comprehensive assistance service – at no additional cost.** For more information check out the BMO Insurance Health Advocate™ Plan - Advisor Guide (726E).
BMO InvestmentPro
Help your client understand their universal life insurance investment options with BMO InvestmentPro. Using BMO InvestmentPro you can compare, search, save, analyze, and print up-to-date performance reports and data on hundreds of investment options.
Investor Profile Questionnaire
Help your clients select the right investment options with the Investor Profile Questionnaire (358E).
Tools and materials
The Wave illustration system
Download The Wave illustration system to prepare quotes and access resources.
Download the wave* Note that this plan requires at least a $25,000 first year deposit.
** beyond the premiums for the basic coverage.
