BMO Insurance: Annuity
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 (LifeAnnuities.com) 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
- Start by completing a BMO annuity quote.
- Receive your BMO Annuity Illustration by email.
- Complete the BMO Annuity Application.
- Complete the transfer form(s).
- The following items are sent to BMO Insurance:
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
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.
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.
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.
- 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
Your annuity policy will be issued when the registered funds are transferred. Or when the non-registered funds have been cashed.
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.