16-1827 BMO Insurance FallLaunch Booklet E...

A new outlook on life.

Opportunities for a new era in life insurance.

2016 Fall Launch 3

Table of contents

What’s New? 4

Policy Holder Tax changes 5

Universal Life Insurance 6

• Life Dimensions and Life Dimensions (Low Fees) 7 Changes at a glance 7 Key features that are NOT changing 7 What’s no longer available 7

• Wealth Dimensions 8 Plan highlights 8

• Universal Life Investment Options 10 Preferred List of Indexed Accounts 10 The “No UL Fee” List 12

• LifeProvider (Low Fees) 16 Changes at a glance 16 Key features that are NOT changing 16 What’s no longer available 16 LifeProvider Investment Options 17

• Improvements to Universal Life Benefits 18 Joint Last to Die Conversion Option 19 Disability Benefit 19

Term Life Insurance 20

Whole Life Insurance 20

BMO Insurance Health Advocate Plan 21

Appendix: Universal Life Commission Summary 22

BMO Insurance4

What’s New? The new rules for life insurance taxation have prompted all of us to look at how we’re going to continue to grow our businesses going forward.

We’ve aligned all of our plans with the new life insurance tax rules, simplified our portfolio and are introducing several enhancements!

!

This streamlined portfolio includes several enhancements including the NEW BMO Insurance Health Advocate Plan which will be available on all new life insurance plans (see page 21 for details).

As we previously communicated, the transition to this new portfolio will mean that certain features and plan options will no longer be available.

• Life Dimensions or Life Dimensions (Low Fees) with the following options:

> MaximizerSelect > MaximizerElite > The Fund Accelerator Bonus

• �InvestorMaximizer on Life Dimensions (However,�the�InvestorMaximizer�will�still�be�available�on�Life�Dimensions�(Low�Fees),�as�noted�above)

• Life DimensionsPRESTIGE or Life DimensionsPRESTIGE (Low Fees)

• LifeProvider (However,�LifeProvider�(Low�Fees)�will�still�be�available,�as�noted�above)

We’ve updated our life insurance portfolio! The good news is that life insurance and many of the financial planning ideas that you’ve been using will continue to play an important role in planning your clients’ financial futures.

At BMO Insurance, we’ve aligned our portfolio with the new tax rules and have made enhancements in several key areas. Take a look at what’s new and don’t forget to download the latest version of The Wave illustration software to see the difference!

Don’t forget to download the latest version of The Wave (version 33.0) by visiting the Resource Center at bmoinsurance.com/advisor

!

Universal Life Insurance

Term Life Insurance

Whole Life Insurance

• Life Dimensions

• Life Dimensions (Low Fees)

• Wealth Dimensions

• The InvestorMaximizer (will continue to be available on Life Dimensions (Low Fees) and Wealth Dimensions only)1

• LifeProvider (Low Fees)2

• Term 10

• Term 20

• Term 30

• 20 Pay Life

• Pure T100

Our updated life insurance portfolio will continue to include:

1 YRT COI only 2 Level COI only

Policy Holder Tax changesLife insurance will continue to be a valuable planning tool, even in the new tax environment.

When it comes to tax-deferred investment opportunities with universal life, you will still be able to show your clients that the long term cash values of BMO Insurance’s new UL portfolio can provide an advantage over alternative taxable investments. This is especially true on maximum funded strategies using our YRT plans (such as the Insured Retirement or Asset Transfer Plans).

Take a look at our updated UL plans with YRT COI along with the financial concepts illustrations on The Wave (version 33.0) to see how!

!

Given the new tax rules, maximum funding on Level COI plans will be diminished but this should not be considered an issue for any of your clients who are looking to pay the minimum premium on a Level COI UL policy. What’s more, you’ll notice that the Level COI rates on all of our UL plans have not changed and will still offer superior value for face amounts of $250,000+.

What’s more, if you have business owner clients, life insurance will continue to be a tax efficient and cost effective way to help them manage some of the financial risk within their companies despite the changes to the Adjusted Cost Basis and Net Cost of Pure Insurance (and the resulting impact of tax planning strategies that involve the Capital Dividend Account).

For more information on the impact of changes on any in force policy from BMO Insurance or to learn more about the new tax rules, refer to:

• Changes to the Tax Exempt Test (701E) • Changes to the ACB and NCPI (702E)• Changes to the CDA (703E) • Grandfathering Rules for In Force Life

Insurance Policies (707E)

All of these files can be found in the marketing materials section of The Wave.

You can feel confident that with life insurance plans from BMO Insurance, your clients will continue to get competitive rates on plans with value from one of Canada’s most recognized financial institutions.

2016 Fall Launch 5

BMO Insurance6

Universal Life Insurance We’ve simplified our universal life portfolio, enhanced certain features and are introducing a brand new plan.

Life Dimensions and Life Dimensions (Low Fees) will continue to be our flagship UL plan for those of your clients who are looking for competitive YRT, YRT 85/20 or Level COI rates along with the option to invest in the widest selection of investment options on any UL plan in Canada… including an expanded list of low cost BMO ETF Indexed Accounts.

LifeProvider (Low Fees) will continue to be a Level COI only UL plan offering permanent protection with a variety of riders and a simplified selection of investment options.

Take a look at Wealth Dimensions, including its super charged Cumulative Fund Bonus and find out how it can be an ideal plan for your fee sensitive clients in the high net worth and corporate markets!

!

Wealth Dimensions is a NEW Low Fees UL plan for high net worth individuals and business owners who are looking to take full advantage of the tax-deferred opportunity of universal life and have an initial investment of at least $25,000. This plan offers a “super-charged” Cumulative Fund Bonus which can effectively offset the cost of UL Fees and help boost returns!

Life Dimensions and Life Dimensions (Low Fees)

If you’re looking for a competitive Level COI plan or ways to show your clients how they can maximize their wealth through a tax-deferred UL investment portfolio, take a look at the NEW Life Dimensions and Life Dimensions (Low Fees):

Changes at a glance

• New and improved YRT and YRT 85/20 COI rates offering more value at higher face amounts

• A Preferred�List of Indexed Accounts which includes:> Over 200 Indexed Accounts> Returns linked to 12 brand name fund managers > An expanded list of BMO ETF Indexed Accounts

• Enhancements on policy loans:> Maximum policy loan increased to 90% (up from 85%)

of the cash value> Also available using the GMIA as collateral

• A Cumulative Fund Bonus (CFB) of 0.25% payable on balances of $25,000+ in the GIA and Indexed Accounts3 starting in the 5th year

• Up to 4 FREE transfers between investment options per year (up from 3) on all new and in force UL plans

• Updated surrender charge factors

• Updated cash withdrawal redemption charge for withdrawals made during the surrender charge period

• Additional Sum Insured (i.e. “MTAR” increases) will now be available for term conversions

• Increase in the ESA on some Joint Last-to-Die scenarios with YRT COI

Key features that are NOT changing

• Our highly competitive Level COI rates

• �InvestorMaximizer: still ideal for quick pays (e.g. 5-8 pays) but now available on Life Dimensions (Low Fees) only

• Minimum guaranteed rates on the DIA as well as the 5 and 10 Year GIA

Highlights of the NEW Life Dimensions

• Includes both Bonus and Low Fees options

• New YRT and YRT 85/20 rates

• Same highly competitive Level COI rates

• Includes an InvestorMaximizer option on Life Dimensions (Low Fees) only

• 12 Preferred�Fund�Managers

• 200+ Indexed Accounts to choose from

• An expanded list of BMO ETF Indexed Accounts

• 32 Indexed Accounts without a UL Fee on Life Dimensions (Low Fees)

!

3 Provided that the total in those accounts is at least 200% of Cumulative Annual Minimum Premium at the end of that policy year. Not available on the DIA or GMIA. See the Life Dimensions Product Guide (182E) for details.

More information available on The Wave:

• Life Dimensions Product Overview (217E)

• Life Dimensions Product Guide (182E)

Our new Life Dimensions and Life Dimensions (Low Fees) plans will continue to provide you with excellent planning opportunities for your clients!

What’s no longer available

• MaximizerSelect�

• MaximizerElite

• The InvestorMaximizer on Life Dimensions (although�this�feature�will�still�be�available�on�Life�Dimensions�(Low�Fees),�as�mentioned�above)

• Life DimensionsPRESTIGE or Life DimensionsPRESTIGE (Low Fees)

• Plans with the Fund Accelerator Bonus

• The Sum Insured plus Total Fund Value death benefit option


BMO Insurance8

Wealth Dimensions

If your target market is high net worth individuals or business owners, take a look at the NEW Wealth Dimensions! It’s a Low Fee UL plan designed specifically for this market and offers an opportunity for clients to “super-charge” the cash accumulation of the plan through a low cost structure on the investment component.

Plan highlights

• Competitive and guaranteed YRT 100, YRT 85/20 and Level COI rates

• A Preferred�List of Indexed Accounts which includes:> Over 200 Indexed Accounts> Returns linked to 12 brand name fund managers > An expanded list of BMO ETF Indexed Accounts

• A “super-charged” Cumulative Fund Bonus (up to 0.50%) starting in the first policy year and payable from first dollar on Indexed Accounts, GIAs and GMIAs!

• $25,000 first year premium requirement• �InvestorMaximizer: for quick pays (e.g. 5-8 pays)

A “Super-charged” Cumulative Fund Bonus

On every Wealth Dimensions policy, starting at the end of the first policy year, a Cumulative Fund Bonus is payable on all Indexed Accounts, GIAs and GMIAs4, provided the total in those accounts is at least 200% of the Cumulative Annual Minimum Premium at the end of that policy year.

A NEW “Super – Charged” Cumulative Fund Bonus: available on Wealth Dimensions starting in the first year and payable from first dollar on Account Values in Indexed Accounts, GIAs and GMIAs!

!

Fund Value Annual Bonus Rate

$0-$199,999 0.25%

$200,000+ 0.50%

4 Not available on the DIA or the Side Account. See the Wealth Dimensions Product Guide (709E) for details.


• Wealth Dimensions Product Overview (712E)

• Wealth Dimensions Product Guide (709E)

BMO Insurance9Universal Life Insurance 9

BMO Insurance10

Universal Life Investment Options Available on the NEW Life Dimensions, Life Dimensions (Low Fees) & Wealth Dimensions

With the new Life Dimensions, Life Dimensions (Low Fees) and the NEW Wealth Dimensions, you’ll still be able to offer your clients a wide selection of UL investment options which includes:

• The Daily Interest Account

• The 5 and 10 Year Guaranteed Interest Accounts

• Guaranteed Market Indexed Accounts

• A Preferred�List�of 200+ Indexed Accounts

Preferred List of Indexed Accounts

We’ve worked with the following 12 brand name fund managers and have come up with a Preferred�List of over 200 Indexed Accounts with a broad range of asset classes:

• BMO Asset Management Inc.• AGF Investments Inc.• CI Investments Inc. • Dynamic Mutual Funds • Fidelity Investments Canada ULC • Franklin Templeton Investments Corp.• Invesco Canada Ltd.• Mackenzie Financial Corporation • Northwest & Ethical Investments L.P. • SEI Investments Canada Company• Sentry Investments Inc.• Trez Capital Fund Management L.P.

5 As of December, 2015.

This list also includes an expanded list of ETF Indexed Accounts from BMO Asset Management Inc.

BMO ETF Indexed Accounts

• A wide selection of options to choose from

• Low underlying fund MERs

• UL Fees ranging from 0.75% - 1.75% on Life Dimensions (Low Fees) and Wealth Dimensions (or 2.00% - 3.00% on Life Dimensions)

About BMO Asset Management

BMO Asset Management is one of Canada’s leading and fastest growing issuers of ETFs with over $24 billion5 in ETF managed assets.

TOP20 ETF providers worldwide

42% of industry AUM growth in Fiscal Year 2015

#1 in new assets 5 years in a row

#2 in market share in just 6 years (27%)

RISK

RETU

RN

24Sector

Accounts113Equity

Accounts58Equity Balanced

Accounts

21Fixed Income

Accounts

Number of Indexed Accounts

32

20

39

52

34

34

5

Life Dimensions (Low Fees)and Wealth Dimensions

TOTAL: 216 Indexed Accounts

0.00% fee

0.25% fee

0.50% fee

0.75% fee

1.75% fee

1.25% fee

1.00% fee

32 Accounts

20 Accounts

39 Accounts

52 Accounts

34 Accounts

5 Accounts

34 Accounts

Life Dimensions

TOTAL: 216 Indexed Accounts

1.25% fee

1.50% fee

1.75% fee

2.00% fee

2.25% fee

2.50% fee

3.00% fee

15 Accounts

11 Accounts

39 Accounts

56 Accounts

44 Accounts

17 Accounts

34 Accounts

1511

39

56

44

17

34

6 The only exceptions are the Mac Corp Bond Indexed Account which will have a UL Fee of 0.00%/2.50% and accounts linked to Trez Capital and two BMO ETFS (ZAG and ZEL) which are all at 1.75%/3.00%.

Indexed Accounts and Associated UL Fees

On Life Dimensions (Low Fees) and Wealth Dimensions, the list also includes UL Fees of 1.75% on all Market Indexed Accounts and 0.75% on Managed Indexed Accounts under the fixed income category.6

These UL Fees are an additional 1.25% on Life Dimensions.


The “No UL Fee” List

We’re excited to offer 32 Indexed Accounts without a UL Fee on the NEW Life Dimensions (Low Fees) and Wealth Dimensions. You’ll notice a broad range of options from different asset classes with returns linked to several of our Preferred�Fund�Managers.

The “No UL Fee” List(on the NEW Life Dimensions (Low Fees) and Wealth Dimensions)

Asset Class Indexed Account UL Fee

Canadian Equity

BMO Dividend FundBMO Monthly High Income Fund II Dynamic Canadian Dividend FundDynamic Power Canadian Growth Fund Dynamic Power Small Cap Fund Dynamic Small Business Fund Dynamic Value Fund of Canada Fidelity Canadian Large Cap FundFidelity True North Fund Franklin Bissett Canadian Equity Fund Invesco Canadian Premier Growth Fund Trimark Canadian Fund Mackenzie Canadian Large Cap Dividend & Growth FundSentry Diversified Equity Fund

0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Canadian Equity Balanced

BMO Canadian Diversified Monthly Income Fund Dynamic Power Balanced Fund Invesco Canadian Balanced Fund

0.00%0.00%0.00%

European EquityInvesco European Growth ClassTrimark Europlus Fund

0.00%0.00%

Global Equity

Dynamic Global Discovery Fund Trimark FundTrimark Global Fundamental Equity FundSentry Global Infrastructure Fund

0.00%0.00%0.00%0.00%

Global Equity Balanced

AGF Diversified Income Fund Mackenzie Ivy Global Balanced Fund

0.00%0.00%

Global Fixed Income Mackenzie Corporate Bond Fund 0.00%

SectorDynamic Financial Services FundMackenzie Global Resource ClassSentry Global REIT Fund

0.00%0.00%0.00%

U.S. EquityTrimark U.S. Companies Fund Trimark U.S. Small Companies Class FundSentry U.S. Growth and Income Fund

0.00%0.00%0.00%

13Universal Life Insurance

Available on the NEW Life Dimensions (Low Fees) and Wealth Dimensions

BMO Insurance14

If UL fees are a concern for your clients, take a look at how the Cumulative Fund Bonus on Life Dimensions and Wealth Dimensions can help offset the cost of these fees.

For example, if your clients are sensitive about paying an additional UL Fee, show them the extra value they can get from the 32 Indexed Accounts on “0% UL Fee” list that are found on Life Dimensions (Low Fees) and Wealth Dimensions!

Here’s a sample of some of these accounts and their associated “All-in Cost”:

Net returns on Indexed Accounts are a result of the underlying fund’s gross return less the fund’s MER and UL Fee. This “All-in Cost“ for the investment component of the policy can have an impact on the long term growth of the cash value.

With the Cumulative Fund Bonus, you can help offset this total “All-in Cost”.

!

Examples of the Impact of the Cumulative Fund Bonus on the ”0% UL Fee List”

Asset Class Indexed Account2015

Fund MER7 UL Fee“All-in Cost” with 0.25%

CFB8

Canadian EquityBMO Monthly High Income Fund IIFidelity True North Fund Series A

2.20%2.50%

0.00%0.00%

1.95%2.25%

Canadian Equity Balanced Invesco Canadian Balanced Fund Series A 2.50% 0.00% 2.34%

European Equity Trimark Europlus Fund Series A 2.75% 0.00% 2.50%

Global EquityTrimark Fund Series ASentry Global Infrastructure Fund Series A

2.81%2.73%

0.00%0.00%

2.56%2.48%

Global Equity Balanced Mackenzie Ivy Global Balanced Fund Series A 2.41% 0.00% 2.16%

Global Fixed Income Mackenzie Corporate Bond Fund Series A 1.71% 0.00% 1.46%

Sector Dynamic Financial Services Fund Series A 2.74% 0.00% 2.49%

U.S. Equity Sentry U.S. Growth and Income Fund Series A 2.68% 0.00% 2.43%

7 Source: Fundata and bmoinvestpro.ca, July 2016. The underlying fund MER can change over time and would have an impact on the illustrated “All-in Cost”.8 Based on a Cumulative Fund Bonus of 0.25% (With a Cumulative Fund Bonus of 0.50% on Wealth Dimensions, the “All-in Cost” would be 0.25% lower). The

approx. “All-in Cost” is for illustrative purposes and can vary depending on the underlying fund MER and UL Fee which can change over time.

How the Cumulative Fund Bonus can offset the cost of UL Fees

9 Based on a Cumulative Fund Bonus of 0.50% (a CFB of 0.25% would increase this figure). The approx. “All-in Cost” is for illustrative purposes and can vary depending on the underlying fund MER and UL Fee which can change over time.

Sample of Indexed Accounts With an “All-in Cost” of 2% or Under

Asset Class Indexed Account2015

Fund MER7 UL Fee“All-in Cost”

with 0.50% CFB9

Asia Pacific Equity BMO China Equity Index ETF (ZCH) 0.74% 1.75% 1.99%

Canadian Equity BMO Low Volatility Canadian Equity ETF (ZLB) 0.40% 1.75% 1.65%

Canadian Equity Balanced Dynamic Power Balanced Fund Series A 2.15% 0.00% 1.65%

Canadian Fixed Income CI Signature Canadian Bond Fund Class A 1.69% 0.75% 1.94%

Emerging Markets Equity BMO MSCI Emerging Markets Index ETF (ZEM) 0.46% 1.75% 1.71%

European Equity BMO MSCI Europe High Quality Hgd to CAD ETF (ZEQ) 0.45% 1.75% 1.70%

Global Equity BMO MSCI EAFE Hedged to CAD Index ETF (ZDM) 0.29% 1.75% 1.54%

Global Fixed Income Invesco Advantage Bond Fund 1.44% 0.75% 1.69%

Sector BMO Equal Weight Utilities Index ETF (ZUT) 0.62% 1.75% 1.87%

U.S. Equity BMO S&P 500 Hedged to CAD Index ETF (ZUE) 0.11% 1.75% 1.36%

Plus, with the new “super-charged” Cumulative Fund Bonus on Wealth Dimensions, your clients can have access to 56 Indexed Accounts with an “All-in Cost” of 2% or less! Here’s a sample of these accounts:

Visit bmoinvestpro.ca for a complete listing of investment options on the new and in force plans.

!


LifeProvider (Low Fees)

What investment options make sense for your clients?

Have your clients complete the Investor Profile Questionnaire (358E) to gauge their tolerance to investment risk and help them pick investment options that are appropriate for their financial objectives.

!

If your clients are looking for a simple UL plan with competitive Level COI rates, take a look at the NEW LifeProvider (Low Fees)! We’ve simplified the plan with features that continue to focus on the family market.

Changes at a glance

• A new short list of BMO ETF Portfolio Indexed Accounts

• Enhancements on policy loans:> Maximum policy loan increased to 90% (up from 85%)

of the cash value

• Up to 4 FREE transfers between investment options per year (up from 3) on all new and in force UL plans

• Updated cash withdrawal redemption charge for cash withdrawals made during the surrender charge period

Key features that are NOT changing

• Level COI rates

• Minimum guaranteed rates on the DIA as well as the 5 and 10 Year GIA

What’s no longer available

• LifeProvider with the Guaranteed Investment Bonus

• The Sum Insured plus Total Fund Value death benefit option

BMO Insurance16

BMO ETF Portfolio Indexed Accounts

All in one investment solution that allows investors to target a specific risk level based on their investment goals.

Lower Risk10 Higher Risk10

LowerReturn

HigherReturn

Fixed Income Income Conservative Balanced Growth Equity Growth

Equity Fixed Income

95-100 %

0-5%

75-80%

20-25%

60-65%

35-40%40-45 %

55-60%

15-20%

80-85%

0-5%

95-100%

10 Risk Ratings are determined based on the historical volatility of a Fund as measured by the standard deviation of its performance against its mean. The risk categorization of a Fund may change over time and historical volatility is not indicative of future volatility. Risk Ratings are not intended for use as a substitute for undertaking a proper and complete suitability or financial assessment.

Highlights of the NEW LifeProvider (Low Fees)

• Only the Low Fees option will be available

• No changes to Level COI rates

• A choice of 6 BMO ETF Portfolio Indexed Accounts

!

LifeProvider Investment Options Available on the NEW LifeProvider (Low Fees)

This choice of portfolios brings expert fund management from BMO Asset Management Inc. along with automatic re-balancing of your clients’ UL portfolio based on their tolerance to investment risk.

Indexed Account UL Fee

BMO Fixed Income ETF Portfolio 0.75%

BMO Income ETF Portfolio 1.00%

BMO Conservative ETF Portfolio 1.00%

BMO Balanced ETF Portfolio 1.00%

BMO Growth ETF Portfolio 1.00%

BMO Equity Growth ETF Portfolio 1.00%

In addition to the DIA and GIA, the following actively managed BMO ETF Portfolio Indexed Accounts will be available on the NEW LifeProvider (Low Fees):


• LifeProvider Product Overview (363E)



Improvements to Universal Life Benefits

On all of our universal life plans, you’ll have access to a variety of riders to help you package a more comprehensive solution for your clients! We’ve fine-tuned two of the benefits on all our universal life plans:

Joint Last to Die Conversion Option

This no cost option benefit can provide your clients with the flexibility to convert a single life or JFTD coverage to JLTD coverage without further evidence of insurability at the time of the switch. The option is available only when both lives are underwritten at time of application for the policy.

Disability Benefit

On all our universal life plans, a lump sum Disability Benefit for an amount up to the Cash Surrender Value minus one Total Annual Minimum Premium can be paid upon receipt of acceptable evidence of an impairment that arises from certain conditions specified in the policy. The minimum Disability Benefit Payout will be the lesser of the Cash Surrender Value or $2,500 at the time of the request.

That’s not all!

Find out about the BMO Insurance Health Advocate Plan (on page 21) that’s available on all our new UL plans at no additional cost!

!

Available at no extra cost

60 day waiting period

BMO Insurance20

Term Life Insurance

Whole Life Insurance Both our 20 Pay Life and Pure T100 plans will now have a consistent set of riders which are also available across all of our term and whole life plans:

• Waiver of Premium

• Accidental Death Benefit

• Children’s Term Insurance Benefit

• Term 10, 20 and 30 Riders

Note: there are no other product or rate changes to the base plans or riders apart from the new BMO Insurance Health Advocate Plan (see page 21).

On any new Term 10 policy OR rider, your clients will now be able to exchange the full or partial amount of the Sum Insured to a Term 20 or Term 30 policy. Any partial exchange must meet the plan minimum for both the remaining Term 10 and the new Term 20 or Term 30 Plan. The new plan will still maintain the conversion to a permanent plan privilege.

You’ll also notice that we’ve changed the name of our term plans from “Preferred Term” to “Term”. It’s a simpler way of looking at the same great product.

Note: there are no other product or rate changes to our term base plans or riders apart from the new BMO Insurance Health Advocate Plan (see page 21).

The Term 10 Exchange Program can be beneficial for clients who want to:

• Exchange their Term 10 coverage for another 20 or 30 years without additional underwriting

• Lock-in premium rates for another 20 or 30 years without having to submit a new application

• Reduce the overall cost of their premiums over the long term

!

Now includes an enhanced Term 10 Exchange Program

®† Best Doctors is a registered trademark of Best Doctors, Inc.

Expenses associated with medical treatment, travel and lodging relating to these services are the responsibility of the member.

BMO Insurance offers the services on a referral basis only and will not charge you for the services provided. Morneau Shepell and Best Doctors will not charge you for the services they provide. You may however, incur additional costs for services or for providers that may be referred to you by Morneau Shepell or Best Doctors. These additional charges are incurred at your sole discretion and BMO Insurance will not be liable for their payment.

BMO Insurance reserves the right to change the service provider, the nature of services or cancel access to these services at any time without notice, unless otherwise stated.

BMO Insurance Health Advocate Plan

As an extra added value to the following plans, we are pleased to offer medical information and personal assistance program – at no additional cost – on ALL eligible Universal Life, Whole Life and Critical Illness plans and riders at NO EXTRA cost! This program includes:

Medical Information and Services

This component of the BMO Insurance Health Advocate Plan offers your clients unlimited access to medical information and services from Best Doctors®† — a leader when it comes to delivering world class medical advice and support.

Personal Assistance Services

This component of the BMO Insurance Health Advocate Plan offers your clients personal assistance services provided by Morneau Shepell, one of Canada’s leading providers of these programs.

The BMO Insurance Health Advocate Plan helps your clients find the right type of care for many of the personal and health challenges that they could be faced with.

!

The BMO Insurance Health Advocate Plan will be available on the following NEW Wave 33.0 plans:

• Life Dimensions

• Life Dimensions (Low Fees)

• Wealth Dimensions

• LifeProvider (Low Fees)

• 20 Pay Life

• Pure T100

• Term 10, 20 and 30 (as long as the policy includes a critical illness rider)

• insureNOW Plus

• Living Benefit 10, 20, 75, 100 and 15-Pay LB100

Available at no extra cost

Health Advocate Plan 21

BMO Insurance22

First Year Commission Rates Renewal Commission Rates Years 2-5Service

Commission Rates

Up to Commissionable Target Premium

First Year Commissionable

Target to First Year

Commissionable Maximum Premium

Above First Year Commissionable

Maximum Premium

Up to First Year Commissionable Target Premium




Above First YearCommissionable

Maximum Premium

Asset Based Compensation

(Years 6+)

Indexed Accounts & GMIA

DIA &

GIA

YRT/YRT85/20 & InvestorMaximizer

65% 5%0.3% 5% 4% 0.3% 0.25% 0%

Level 60% 5%

Life Dimensions and Life Dimensions (Low Fees)


Commission Rates






Maximum Premium






Maximum Premium


(Years 1+)

Indexed Accounts

DIA, GIA & GMIA

YRT/YRT85/20 & InvestorMaximizer

65% 0%0.3% 5% 0% 0.3% 0.50% 0.25%

Level 60% 0%

Wealth Dimensions


Commission Rates






Maximum Premium






Maximum Premium


(Years 6+)

Indexed Accounts

DIA & GIA

Level 60% 5% 0.3% 5% 4% 0.3% 0.25% 0%

LifeProvider (Low Fees)

Appendix: Universal Life Commission Summary

Please refer to our Schedule of Commissions (425E) for complete details and The Wave illustration System for First Year Commissionable Target, Commissionable Maximum, Minimum and Maximum Premiums.

FOR ADVISOR USE ONLY.

Information contained in this document is for illustrative purposes and is subject to change without notice. The information in this publication is intended as a summary of our products and/or services.. 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.

Insurer: BMO Life Assurance Company.™/® Trademarks of Bank of Montreal.

Let’s connectTo find out more about BMO Insurance products, please call your MGA, contact

the BMO Insurance regional sales office in your area or call 1-877-742-5244.

BMO Life Assurance Company, 60 Yonge Street, Toronto, ON M5E 1H5

Ontario Region Quebec – Atlantic Region Western Region

1-800-608-7303 1-866-217-0514 1-877-877-1272

bmoinsurance.com/advisor

710E (2016/10/01)

08/1

6-18

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