See below for ratings, quotes, and an in-depth review of BMO's life insurance products.
BMO prices are 2% lower than prices of competitors which makes them a great option for Canadians looking to buy term life insurance. However, BMO requires enhanced medical requirements for customers looking to buy non-face-to-face.
3.4 / 5
Based on InsurEye reviews
More on Better Business Bureau Ratings
Looking for the best value? See how the price of BMO's term life insurance stacks up against the prices of products offered by other Canadian term life insurance providers.
Scores are based on PolicyMe’s Term Insurance Price Index, an in-depth analysis of prices for 108 combinations of gender, age, term length, coverage amount, health status, and smoking status.
Even if you and your next-door neighbour buy life insurance from the same insurance company, you may not pay the same price. That’s because life insurance companies base your price largely on your age, policy coverage amount, policy duration, smoking status, and current health status. Some companies are more lenient about specific customer characteristics and provide better pricing than other companies for people with these characteristics.
Here’s a breakdown of how BMO's life insurance prices compare to prices offered by other companies for various customer characteristics.
Excellent – The company’s prices are more affordable than the rest of the market for customers with these characteristics
Good – The company’s prices are in line with the rest of the market for customers with these characteristics
Poor – The company’s prices are more expensive than the rest of the market for customers with these characteristics