We are focused on ensuring that our business continues to deliver the important services you and your clients need. We are also preparing for an increase in inquires related to the COVID-19 outbreak. Recognizing the importance of responding quickly in these challenging times, we continue to evolve and develop guidelines and practices to help you better serve your clients.  

The primary purpose of this update is to notify you of temporary changes to our Accelerated Underwriting program to allow higher non-medical limits.

PARAMEDICAL PROVIDER UPDATE
All face to face paramedical exam appointments are temporarily suspended in order to protect the health and safety of examiners, clients and the community as a whole. Therefore, effective immediately, all previously scheduled appointments will be cancelled, and no new appointments will be scheduled until it is determined that it is safe to resume these services.

Dynacare will continue to provide Tele-Interviews as these can be completed remotely.  Continue to order Tele-Interviews with Dynacare.

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.

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.

Have other questions? 
Please visit bmo.com/insurance/advisor/covid-19/.

In this rapidly changing environment, it has never been more important to be connected with your local BMO Business Development Manager and Regional Office. They are up to date on these changes and ready to respond to your questions. 

 

We trust you find these guidelines and practices helpful.  We will continue to review them as often as necessary to ensure they are responsive to the situation.  On behalf of everyone at BMO Insurance, please continue to take care of yourself and thank you for your patience as we respond to these challenging times.