BMO Insurance. Critical Illness and Term Insurance. If I were no longer around, who would pay my mortgage?

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1 BMO Insurance Critical Illness and Term Insurance If I were no longer around, who would pay my mortgage?

2 Let us help you create a plan to financially protect your most valuable asset.

3 Mortgage life insurance protection Your house is your most valuable asset. You buy home insurance to protect it from loss due to fire or other unforeseen events. So why would you not protect it from loss of income or missed mortgage payments due to an unexpected death in your family? When you buy mortgage life insurance, you are buying financial protection knowing that, if the unexpected happens, you and your family will have access to cash to cover your ongoing mortgage payments or even pay off the outstanding balance. By choosing a term life insurance plan from BMO Insurance for your mortgage protection: Rates for your premiums and coverage are guaranteed. Coverage is fully portable and stays in place even if you change homes or mortgage lenders. Benefits are paid directly to your named beneficiary, tax free, for their use as needed. Coverage is convertible to lifetime coverage without further medical evidence of insurability. 1 Depending on your health, you may qualify for preferred (lower) rates for premiums. Your mortgage debt may decrease over time, but your term life insurance benefit remains fixed. This provides you with the option to keep your life insurance to cover your remaining mortgage debt plus other obligations such as personal loans, credit card balances, college tuition, funeral expenses or providing an income for surviving family members.

4 Mortgage critical illness insurance protection Life-threatening cancer, heart attack and stroke are the three most common serious illnesses affecting Canadians today. You may know a friend, family member, neighbour or co-worker who s been struck by a serious illness. While it s comforting to know that medical advancements help more of us to survive a critical illness you may never recover from the oftendevastating financial drain. What source of funds would you use to cover any medical expenses that provincial health insurance doesn t cover, or if you needed immediate medical care outside of Canada? If you suffer a critical illness, you may need costly special equipment or alterations to your home or vehicle. How would these additional expenses impact your ability to also cover your mortgage payments while you recover from your critical illness? By adding critical illness coverage from BMO Insurance to your preferred term life insurance plan, you will benefit from: 26 covered conditions Benefits which are paid directly to you, not your beneficiary or mortgage lender. Payment that s not dependent on your ability to work. If you select a 10 or 20 year term critical illness rider, your coverage can be converted to a critical illness plan (with coverage to either your age 75 or 100) without further medical requirements. 1 The BMO Insurance Health Advocate Plan at no extra cost. 2 By combining critical illness coverage with your preferred term life insurance policy, you save money with only our multi-policy fee discount.

5 Our commitment to you BMO Life Assurance Company, a part of BMO Financial Group, appreciates the opportunity to help you meet your financial needs. We are committed to respecting and protecting your privacy and confidentiality of the personal information you have entrusted to us. It is important for you to understand what information we will collect, how we will use it, and who may see it. To view our full privacy policy, please visit the privacy section at bmoinsurance.com Best Doctors is a trademark of Best Doctors, Inc., used under license. 1 Certain conditions apply. Ask your insurance advisors for more details. 2 BMO Insurance offers the services on a referral basis only and will not charge you for the services provided. Shepell fgi 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 Shepell fgi or Best Doctors. These additional charges are incurred at your sole discretion and BMO Insurance will not be liable for their payment. The information in this publication is intended as a summary of our products and/or services and may include projected values based on a set of assumptions. Actual results may not be guaranteed and may vary. 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.

6 BMO Life Assurance Company 60 Yonge Street, Toronto, ON M5E 1H bmoinsurance.com For more information about BMO Insurance or our products, please consult your insurance advisor or contact us at Insurer: BMO Life Assurance Company TM/ Trade-mark/registered trade-mark of Bank of Montreal, used under licence. 364E (2017/10/02) 07/ H