Insurance Partner
BMO Insurance
Bank-grade trust, straightforward protection.
BMO Insurance (BMO Life Assurance Company) offers life, critical illness, disability, and travel insurance under one of Canada's most trusted banking brands. It pairs straightforward, reliable products with the convenience of an integrated banking relationship.
Founded
1817 (Bank of Montreal)
Headquarters
Toronto, Ontario
Type
Subsidiary of BMO Financial Group (TSX: BMO)
Protection from a name you already trust
BMO Insurance is the insurance arm of BMO Financial Group — the Bank of Montreal, Canada's oldest bank, founded in 1817. For clients who already bank with BMO, that's an advantage: protection sits alongside their accounts, mortgage, and investments, under a brand they already trust.
BMO Insurance's products are deliberately straightforward. There's value in clarity — in a life insurance policy you understand without a glossary, and a claims process that doesn't feel like a maze.
Reliable, bank-grade service
Behind BMO Insurance is the infrastructure of a major financial institution — established systems, reliable service, and the financial strength to pay claims through every economic cycle. For clients who want the peace of mind of a big, stable institution, that matters.
Its critical illness and accidental death coverage are well-regarded, and its travel insurance is a natural fit for families who already use BMO for everyday banking.
How FinanceMaxim works with BMO Insurance
FinanceMaxim includes BMO Insurance in the comparison especially for clients who value brand trust and an integrated banking relationship. We help you weigh BMO's straightforward products against the broader market — so you get the convenience of one trusted name without overpaying for it.
If you bank with BMO, we'll show you how protection fits alongside your existing accounts and mortgage, coordinated end to end.
- Term and permanent life from a bank-grade brand
- Critical illness and disability protection
- Travel and accidental death for families on the move
- Coordinated with existing BMO banking where it fits
Compare BMO Insurance across the market
One carrier is a starting point — not the whole answer.
We weigh BMO Insurance's products against 36 other leading insurers to find the plan that fits your family and your budget. The first conversation is free and no-obligation.
Get a Free QuoteProducts Offered
BMO Insurance's coverage, explained.
Every product BMO Insurance offers, in plain language — and how it fits the plan we build for you.
Term Life Insurance
Straightforward term protection with clear terms and conversion options, backed by a bank-grade brand.
Permanent Life
Lifetime coverage that builds cash value, designed for legacy planning and long-term protection.
Critical Illness Insurance
A lump-sum payment on diagnosis of a covered serious illness, so you can focus on recovery.
Disability Insurance
Income replacement if illness or injury keeps you from earning, keeping your finances on track.
Accidental Death & Travel
Coverage for accidental death and travel emergencies, convenient for families on the move.
Health & Dental
Coverage for prescriptions, dental, and allied health, complementing your provincial plan.
More Insurance Partners
Explore the full network.
Insured by BMO Insurance, guided by FinanceMaxim
Let's find the right plan across the whole market.
We compare BMO Insurance against 36 other leading insurers and recommend the plan that genuinely fits your family, your goals, and your budget. Start with a free, no-obligation conversation.