For a 32 year old single father looking for life insurance protection against an outstanding mortgage debt of $250,000, his monthly premium of $38.48* is both competitive and guaranteed not to increase for 30 years. Thirty years is a long time and that’s why BMO Insurance offers a unique flexibility at renewal. When he turns 62, he will have the opportunity to extend his coverage for life at a guaranteed level premium to age 100.
Why Preferred Term 30? - Competitive entry-age level premiums, guaranteed not to increase for 30 years
Plus, our plan automatically renews at year 30 into permanent protection for life, with premiums payable to age 100, giving your client a unique opportunity to help manage their estate planning or take advantage of an insured annuity plan. - Conversion to any eligible permanent plan without further evidence of insurability at any time before age 70 at the then current rates & attained age at the time of conversion.
- Preferred rates available for coverage as low as $100,000.
Take advantage of this limited time offer … 
All Preferred Term 30 applications received by BMO® Insurance Head Office on or before September 30, 2015 will qualify for an extra 10% first year commission. All qualified applications subsequently settled will receive 60% FYC**.
* Monthly premium of $38.48 is based on MNS 32, $250,000, standard class. For Preferred Plus, his monthly premium would be $30.83.
** This promotion is scheduled to end September 30, 2015. This is a temporary increase in the first year commission rate on new sales for Preferred Term 30. Not available with Preferred Term 10 and Preferred Term 20. There are no changes to renewal and service commissions. We reserve the right to either withdraw or extend this promotion at any time with one week’s notice. Advisors should recommend only products that are suitable for their clients and provide the most current information based on software illustrations (The Wave v31.0).
MB 381 (2015/09/14) |
