COVID-19 Update – Premium Deferral Program for Policyowners - OFFER EXTENDED

BMO Insurance is committed to the well-being of you, and your clients, during these challenging times. Many continue to face financial difficulties as we work together to minimize the effects of COVID-19. To help, we are extending the previously announced Premium Deferral Program for eligible policyowners. 

How it works
The program applies to BMO Insurance individual term life, whole life, universal life and critical illness policies. Policyowners may request a 90-day deferral of their premiums if they are experiencing financial hardship due to:

• COVID-19 related illness or quarantine 
• Job loss (temporarily or permanently)
• Unpaid leave of absence to take care of family member(s) 
• Business disruption

This temporary measure may be requested on policies issued on or before March 13, 2020.

The program is extended from May 31, 2020 to June 30, 2020.  For more details, please read this [FAQ].

Have other questions? 

Please visit bmo.com/insurance/advisor/covid-19/.

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.