Underwriting Update | CLICK HERE

Life Insurance

TEMPORARY ENHANCEMENTS TO ACCELERATED UNDERWRITING PROGRAM AVAILABLE FOR ALL LIFE PRODUCTS

BMO Insurance is temporarily implementing changes to our Accelerated Underwriting program which will include the following:

• Tele-Interview for issue ages 18 to 50 up to and including $1,000,000 of coverage.

• Tele-Interview for issue ages 51 to 60 up to and including $300,000 of coverage.

• Issue ages 61+ will continue to follow our published age & amount requirements.

If a case requires fluids and we are unable to obtain these requirements, we will continue to underwrite the file with the        Tele-Interview and application and provide a tentative decision subject to the fluids when the client is tested.

Critical Illness Insurance

No Changes at this Time

OTHER UNDERWRITING CONSIDERATIONS

On a case-by-case basis, BMO Insurance may consider applications above $1,000,000 of coverage depending on the applicant’s age and individual medical history.  For these situations, a current APS will need to be available that includes a complete medical history with a blood and urinalysis performed within the past 12 months.  These cases will be considered on an individual basis and may be subject to a special rate and quote.

Since we are in a rapidly changing environment, we are prepared to be agile to deal with solutions to support you. These temporary measures are effective immediately and subject to change depending on how the COVID-19 outbreak evolves.