If your income suddenly stopped, would your dependants be able to make ends meet?

Life insurance protects your household’s standard of living if you pass away. If your children are grown, it enables you to leave a financial legacy. And some types of life insurance offer a tax-effective way to invest.

What kind of life insurance is right for me?

Not sure what kind of life insurance coverage is right for you? Use the life events below to explore your options and let BMO Insurance help you find exactly the right fit. Or explore specific products in the left-hand menu.

Starting Out
You’re a young adult. What’s important to you right now is establishing credit, starting a savings plan, building a career and securing your future.

Living as a Couple
You’ve made a commitment to your partner. Now you need a financial plan that insures both your futures.

Owning a Home
You’ve just made the biggest financial commitment of your life. Now you want to make sure it doesn’t become a burden to your family.

Having Children
Your family is growing. What’s important now is making sure your children are protected.

Being Single Again
Life is filled with many big changes. What’s important to you as a newly single person is making sense of your options and getting your finances in order.

Owning a Business
As a business owner, you are faced with many challenges. You’re interested in minimizing your tax bill, protecting the value of your business and providing benefits packages for your staff to help with employee retention.

Retirement Planning
You’re starting to think about retirement and want to ensure you have enough money to do it comfortably.

Preserving an Estate
You have accumulated wealth and are living comfortably. But now you’re wondering how you can pass your wealth along in the easiest, most tax-efficient manner possible.

Funeral and other Final Expenses
Easy and affordable coverage for your final expenses.

I want to cover my debts

If you have debt from a student loan, car loan or credit cards, you may be concerned about leaving debts behind for your family; life insurance provides peace of mind that your debt will be covered.

• I’m looking for debt protection that lets me choose the length of time I’m covered for, as well as the amount of protection I need. Learn more
• I’m looking for debt protection in the event of accidental death only. Learn more

I want to protect my income

If your family depends on your income, it’s important to protect them and their quality of life with insurance.

• I’m looking for income protection that lets me choose the length of time I’m covered for, as well as the amount of protection I need. Learn more
• I’m looking for income protection that lasts my lifetime and gives me the option to receive cash back or stop paying premiums while keeping a lower amount of coverage. Learn more
• I’m looking for flexible income protection that lasts my lifetime and offers tax-deferred savings. Learn more
• I’m looking for income protection in the event of accidental death only. Learn more

I want to cover my debts

If you have loans and credit cards, you may be concerned about whether your spouse could manage to keep up payments without you; life insurance provides confidence that your debt will be covered.

• I’m looking for debt protection that lets me choose the length of time I’m covered for, as well as the amount of protection I need. Learn more
• I’m looking for debt protection that lasts my lifetime and gives me the option to receive cash back or stop paying premiums while keeping a lower amount of coverage. Learn more
• I’m looking for flexible debt protection that lasts my lifetime and offers tax-deferred savings. Learn more
• I’m looking for protection that covers my debts in the event of accidental death only. Learn more

I want to protect my income

If your family depends on your income, it’s important to protect them and their quality of life with insurance.

• I’m looking for protection that lets me choose the length of time I’m covered for, as well as the amount of protection I need. Learn more
• I’m looking for income protection that lasts my lifetime and gives me the option to receive cash back or stop paying premiums while keeping a lower amount of coverage. Learn more
• I’m looking for flexible income protection that lasts my lifetime and offers tax-deferred savings. Learn more
• I’m looking for protection that covers my income in the event of accidental death only. Learn more

I want to cover my final expenses

Funerals can cost thousands of dollars and are an additional burden for a family in mourning; a dedicated life insurance policy provides a benefit your family can use to pay funeral expenses or meet other immediate needs.

• I’m looking for guaranteed acceptance with no medical exam and I’m between the ages of 40 and 75. Learn more
• I’m looking for coverage with no medical exam, a choice of coverage amounts and I’m between the ages of 50 and 75. Learn more

I want to cover the costs associated with owning a home

If you were to pass away unexpectedly would your family be in danger of losing their home because they can’t afford it? Life insurance provides peace of mind that your debt will be covered.

• I’m looking for a solution that protects my family’s home and lets me choose the length of time I’m covered for, as well as the dollar value of my protection. Learn more
• I’m looking for a solution that protects my family’s home, lasts my lifetime and gives me the option to receive cash back or stop paying premiums while keeping a lower amount of coverage. Learn more
• I’m looking for a flexible solution that protects my family’s home, lasts my lifetime and offers tax-deferred savings. Learn more

I want to protect the financial security of my children

With children come responsibilities – including the responsibility to provide financial security for them if anything happens to you or your spouse. Life insurance is a low cost way to protect their way of life.

• I’m looking for protection that lets me choose the length of time I’m covered for, as well as the amount of protection I need. Learn more
• I’m looking for protection that lasts my lifetime and gives me the option to receive cash back or stop paying premiums while keeping a lower amount of coverage. Learn more
• I’m looking for flexible protection that lasts my lifetime and offers tax-deferred savings. Learn more

I want to insure my children

Giving your children a head start on their life insurance coverage can be a good investment in their future.

• I want to give my children a paid-up insurance policy for life, plus the opportunity to purchase more insurance in the future. Learn more
• I’m looking for protection that ensures security for my children’s future and gives me options to receive cash back, stop paying premiums and purchase more insurance in the future. Learn more
• I’m looking for flexible protection that ensures security for my children’s future, offers tax-deferred savings and gives me the option to purchase more insurance in the future. Learn more

I want to fund my children’s education

Ensure your children’s educational future is secure if something should happen to you. To be sure the cash is available when it’s needed, start saving today and back it up with life insurance in one plan.

• I’m looking for flexible protection that lasts my lifetime and offers tax-deferred savings. Learn more

I need to re-evaluate my life insurance needs

Being single, perhaps for the first time in a long time, means re-evaluating your life insurance needs to eliminate debt, provide a legacy or continue family support.

• I’m looking for protection that lets me choose the length of time I’m covered for, as well as the amount of protection I need. Learn more
• I’m looking for protection that lasts my lifetime and gives me the option to receive cash back or stop paying premiums while keeping a lower amount of coverage. Learn more
• I’m looking for flexible protection that lasts my lifetime and offers tax-deferred savings. Learn more

I want to protect what I’ve worked so hard to build.

Business owners are vital to the success and very survival of their business. Life insurance can protect your company and your family, should anything happen to you.

• I’m looking for protection that lets me choose the length of time I’m covered for, as well as the amount of protection I need. Learn more
• I’m looking for protection that lasts my lifetime and gives me the option to receive cash back or stop paying premiums while keeping a lower amount of coverage. Learn more
• I’m looking for flexible protection that lasts my lifetime and offers tax-deferred savings. Learn more

I have surplus cash in the business and need a tax-efficient way to provide a legacy.

Transferring assets into an insurance plan can provide a tax-efficient transfer of assets from your business to your heirs.

• I’m looking to transfer a portfolio of assets into a single tax-deferred plan that offers flexible lifetime coverage. Learn more

I have a partner(s) and need to ensure funds are available to buy their share of assets in the event of death

• We’re looking for protection that lets us choose the length of time we’re covered for, as well as the amount of protection we need. Learn more
• We’re looking for protection that lasts a lifetime and gives us the option to receive cash back or stop paying premiums while keeping a lower amount of coverage. Learn more
• We’re looking for flexible protection that lasts a lifetime and offers tax-deferred savings. Learn more

I’ve maximized my RRSP contributions and want to generate more tax-deferred income after retirement

RRSPs allow your savings to grow tax-free until you withdraw them, but there are limits on how much you can contribute each year. Universal life insurance policies have a savings plan that grows tax-free (like an RRSP) as long as your money remains in the policy - which can provide an additional source of income at retirement.

• I'd like to boost my retirement income. Learn more

I want to provide for my spouse

Widows and widowers often have to settle for a reduced standard of living, but you can use life insurance to protect your spouse and his/her quality of life in case anything happens to you.

• I’m looking for protection that lets me choose the length of time I’m covered for, as well as the amount of protection I need. Learn more
• I’m looking for protection that lasts my lifetime and gives me the option to receive cash back or stop paying premiums while keeping a lower amount of coverage. Learn more
• I’m looking for flexible protection that lasts my lifetime and offers tax-deferred savings. Learn more

I want to leave a legacy

When you leave an inheritance to your family, they may have to wait months to receive the money and pay taxes and probate fees on your bequests; with life insurance, beneficiaries can receive a tax-free, probate-free benefit.

• I’m looking for protection that lets me choose the length of time I’m covered for, plus the amount of protection I need. Learn more
• I’m looking for protection that lasts my lifetime and gives me the option to receive cash back or stop paying premiums while keeping a lower amount of coverage. Learn more
• I’m looking for flexible protection that lasts my lifetime and offers tax-deferred savings. Learn more

I want to make sure my kids can keep the cottage

The taxes and probate fees that arise at death can eat up a considerable portion of your estate’s value. Life insurance can cover these expenses so your kids don’t need to sell the family retreat.

• I’m looking for protection that lets me choose the length of time I’m covered for, as well as the amount of protection I need. Learn more
• I’m looking for protection that lasts my lifetime and gives me the option to receive cash back or stop paying premiums while keeping a lower amount of coverage. Learn more
• I’m looking for flexible protection that lasts my lifetime and offers tax-deferred savings. Learn more

I want to cover my final expenses

Funerals can cost thousands of dollars and are an additional burden for a family in mourning. A dedicated life insurance policy provides a benefit your family can use to pay funeral expenses or meet other immediate needs.

• I’m looking for guaranteed acceptance with no medical exam and I’m between the ages of 40 and 75. Learn more
• I’m looking for coverage with no medical exam, a choice of coverage amounts and I’m between the ages of 50 and 75. Learn more