Category Archives: Guaranteed Issue Life Insurance

BMO’s Guaranteed Life Plus – Taking Guaranteed Insurance to a Low-Cost Option

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Guaranteed issue life insurance is fairly indistinct product. Designed to be a bare bones life insurance policy that pretty much anyone can qualify for, a plan by one provider is going to be functionally similar if not identical to a plan offered by its closest competitor.

BMO Insurance has put something of an interesting spin on the guaranteed model with their Guaranteed Life Plus. Rather than focus on the traditional model of providing options and pricing you, they’ve done the opposite and provided probably the only guaranteed insurance product that you can buy for $20 a month when you’re 70.

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