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About BMO Insurance Company of Canada

Effective April 2009, AIG Life Insurance Company of Canada was acquired by BMO Financial Group and changed its name to BMO Life Assurance Company. It is no longer affiliated with American International Group, Inc.

BMO Financial Group is a highly diversified North American financial services organization that provides a broad range of retail banking, wealth management, and investment banking products and solutions to more than seven million clients and customers across Canada. BMO offers a range of innovative and easy-to-understand insurance solutions that includes: life and disability insurance on mortgages, loans and lines of credit; MasterCard Outstanding Balance insurance; DirectTerm life insurance; Personal Accident Protection, critical illness, and travel insurance. BMO Nesbitt Burns and its predecessor companies have been helping investors meet their financial goals since 1912. Read more about BMO Insurance.

Product name: single premium immediate annuities

Issue ages: Life and term certain non-registered funds  18 – 80

Types of annuities: single life annuity, joint life annuity, term certain annuity

Rate guarantee: non-registered 7 days, registered 45  days

Guarantee period: up to 25 years maximum

Premium: minimum $10,000 , maximum $2,000,000

BMO Quote: BMO Insurance Annuity Quote

BMO Calculator: BMO Annuity Calculator

About Posted by: Ivon T. Hughes

Ivon is a leading expert in life annuities in Canada. His website LifeAnnuities.com is a recognized authority on annuities. He's also an established insurance and investment broker, licensed across Canada through The Hughes Trustco Group since 1972. Recently, he's been redefining how annuities are sold in Canada.
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