BMO Insurance: Annuity

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Annuities from BMO Insurance

A BMO Insurance annuity provides regular, fixed income payments for the rest of your life. If you are looking for a guaranteed monthly income stream that will continue until your death, then a life annuity is the perfect retirement option.

Talk to a BMO Insurance Agent/Broker

The best way to learn more about annuities from BMO Insurance is to contact a BMO life insurance agent or broker who speciallizes in annuity sales. An annuity broker deals with more than one company and can help you compare monthly incomes from all the different life insurance companies that sell annuities in Canada.

The Hughes Trustco Group ( is a licensed insurance broker authorized to sell life annuities for BMO Insurance.

BMO Insurance Broker
Contact: Ivon T Hughes
Toll Free 1-877-842-3863

How to buy an annuity from BMO Insurance

  1. Start by completing a BMO annuity quote.
  2. Completing a BMO annuity quote below is the first step in calculating your monthly income based on your personal needs.
    Click here to get a BMO Annuity Quote

    bmo annuity calculator
    Figure 1. BMO Annuity Calculator

  3. Receive your BMO Annuity Illustration by email.
  4. Once you submit your information, we'll calculate your annuity payout and send you the BMO Annuity Illustration the same day. Here is an example of a BMO Annuity Illustration.

    Figure 2. BMO Annuity Illustration

  5. Complete the BMO Annuity Application.
  6. After reviewing the annuity illustration, the annuity broker will take down your information and complete the annuity application for you. Here is an example of a BMO Annuity Application.

    bmo annuity application
    Figure 3. BMO Annuity Application

  7. Complete the transfer form(s).
  8. The annuity broker will complete the transfer forms that are necessary. Registered funds like your RRSP, RRIF or RPP are transfered from one institution to another using a transfer form. If the funds are coming from a non-registered source the annuity broker will ask you for a cheque that is payable to BMO Insurance.

    Figure 4. Transfer Form

  9. The following items are sent to BMO Insurance:
    • BMO Annuity Application
    • BMO Annuity Illustration
    • Transfer Form (for registered funds) or
    • Cheque payable to BMO Insurance (for non-registered funds)
    • Void cheque for the payment of the monthly income
    • Copy of a government issued photo ID

  10. Your BMO Annuity Policy is issued and mailed.

Your annuity policy will be issued when the registered funds are transferred. Or when the non-registered funds have been cashed.

Figure 6. BMO Insurance Annuity Policy

To Begin, Request A BMO Annuity Quote

Enter Your Annuity Details Amount is required.

Select type of funds.

Select guarantee period.

First Annuitant Select gender.

Select day of birth. Select month of birth. Select year of birth.
Second Annuitant (not required)

Contact Details
Name is required.

Province is required.

Email is required.

Area code is required.
3 digit prefix is required. 4 digit line number is required.

Select time to contact.

About BMO Insurance

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.


Annuity Companies


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