Reason #1: Competitive Rates
Life Dimensions Minimum Premium Level COI Ranking1
Reason #2: Guaranteed Market Indexed Account (GMIA)2
Finding alternatives to low yielding bond and GIA interest rates in universal life policies may be a challenge. A Guaranteed Market Indexed Account may be just what your clients are looking for.
GMIAs are 10 year term investment accounts which have been designed for individuals looking for principal protection along with the upside potential of returns linked to equity market performance. Returns are guaranteed never to be negative! It is a great option for clients who would like to take advantage of over-funding in their UL without having to worry about market volatility and the negative impact it could have on their insurance program.
Reason #3: Outstanding Support Team
- Underwriting Expertise - we have a reputation for being experts in large case financial underwriting. Our Elite Underwriting Team and strong reinsurance relationships can help make it happen. Plus, we have two onsite dedicated Medical Doctors with extensive experience who are available for those special cases where there is a need to bridge the gap with your client’s General Practitioner.
- Our Business Development and Advanced Markets Team can help you package your large case. Contact the BMO Insurance regional sales office in your area and let us know how we can help you!
1 Companies surveyed: BMO Insurance, Canada Life, Desjardins Financial, Empire Life, Equitable Life, ivari, Industrial Alliance, Manulife and Sun Life. The comparison was performed based on information on 15 UL Plans believed to be reliable and in effect as of September 15, 2015. BMO Life Assurance Company is not liable for any errors or omissions in the information derived from third party sources.
2 A GMIA is a unique class of investment option offered on all new Life Dimensions universal life insurance policies (issued under version 2010/11/18 or later). The GMIA minimum deposit requirement for each Series is $2,000 (for Level COI or YRT plans). Interest is calculated and credited every 12 months on specified interest crediting dates for each GMIA Series. The Credited Interest Rate calculated for a GMIA Series is multiplied by the GMIA Series Account Value on the Interest Crediting Date to determine the actual amount to be credited. The accumulation does not reflect any insurance charges (such as cost of insurance, premium tax or other deductions), which will impact the actual accumulation of any funds in a GMIA when included in a universal life policy.
The information in this publication is intended as a summary of our products and/or services and may include projected values based on a set of assumptions. Actual results may not be guaranteed and may vary. Please consult the appropriate policy contract for details on the terms, conditions, benefits, guarantees, exclusions and limitations. The actual policy issued governs. Each policyholder’s financial circumstances are unique and they must obtain and rely upon independent tax, accounting, legal and other advice concerning the structure of their insurance, as they deem appropriate for their particular circumstances. BMO Life Assurance Company does not provide any such advice to the policyholder or to the insurance advisor.
The information contained on this page is related only to the designated fund or funds shown above. As part of a BMO Life Assurance Company policy, you do not purchase units in this designated fund or a legal interest in any security. Past performance is no guarantee of future performance. While every effort has been made to provide accurate and complete information, BMO Life Assurance Company and Fundata Canada will not be held liable for any inaccuracies, errors or omissions in the information provided.
Insurer: BMO Life Assurance Company
MB 403 (2016/03/02) |
