Plan Features

SmartTerm Term Insurance Plan Features

Plans Mortgage Protector Plus SmartTerm Term 10 SmartTerm Term 20
Issue Ages 18 to 75 (nearest age) 18 to 75 (nearest age) 18 to 65 (nearest age)
Sum Insured      
Minimum $100,000 - $250,000 Ages 18 to 50 - $250,000
Ages 51 to 75 - $100,000
Maximum $5,000,000 $5,000,000 $5,000,000
Conversion All term plans may be converted at any time prior to age 70 to any permanent plan regularly issued by BMO for conversion purposes, up to the full face amount without evidence of insurability.
Premiums Premiums are guaranteed and are renewable to age 85 for all term plans.
Joint Life

Joint Survivor Option – Within 60 days of the first death of the Lives Insured, the surviving Life Insured may elect to continue coverage on themselves without providing evidence of insurability, provided that the surviving Life Insured is age 80 or less.

Double Benefit – If both Life Insureds die within 60 days of each other, an additional death benefit equal to the sum insured will be paid.