Let’s meet Claire …

• A 52 year old pediatrician (in private practice for 5 years), a wife and a mother of a young teenager
• She has life insurance protection in the event of premature death and some disability coverage BUT No critical illness insurance

If she became critically ill and was unable to work, Claire would be faced with a significant shortfall in personal income as well as business overhead expenses.  Her insurance advisor recommends a 15-Pay Living Benefit Plan from BMO Insurance with Return of Premium riders.
 

 Source: The Wave V32.0

How does this benefit Claire?
 

$22,500 Early Discovery Benefit*
To help Claire pay her monthly bills while she recovers from an illness.  No reduction to CI Benefit!
 
$137,084 Return of Premium on Surrender**
If Claire retires at age 67, she can surrender her Living Benefit policy and receive an ROPS cheque for $137,084.
 
$150,000 Tax-free benefit
To help cover her income gap and expenses should Claire become critically ill from any one of the 25 covered conditions including Loss of Independent Existence.
 
Plus … TOP Quartile Pricing!
AND be assured that Claire is getting great value compared to similar plans!
 
15-Pay Living Benefit 100 Premium Ranking³
$100,000 Benefit

* Payment of 15% up to $50,000 for the diagnosis of Early Prostate Cancer, Early Breast Cancer, Early Skin Cancer, Coronary Angioplasty, Early Stage Blood Cancer, Early Stage Intestinal Cancer, Early Thyroid Cancer. 
 
** Assuming that she purchased a ROPS rider and did not make a CI claim.  ROPS value calculated using monthly premium ($761.58 * 12 *15 = $137,084.40)
 
¹ 100% Return of premium on surrender starting at year 15
² Return of premium on death
³ Companies surveyed: BMO Insurance, Canada Life, Desjardins Financial, Empire Life, Equitable Life, Industrial Alliance, Manulife, RBC Insurance, SSQ Assurance, Sun Life and Transamerica.   Not all companies surveyed offered all product options.  Ranking is based on the lowest annual premium .The comparison was performed based on information believed to be reliable and in effect as at August 2015.  BMO Insurance is not liable for any errors or omissions in the information derived from third party sources.  Source: LifeGuide (2015.08) and software illustration.
                     
MB 398 (2016/01/21)