I paid $39.39 for 10 years as the initial premium period. Without confirming with me if I want to renew my agreement, they have started taking $309.00 per month from my account. Do NOT use this company ever. When I asked them why did you do without my permission, their response was that they sent me a letter for renewal and since they did not hear back from me, the renewal was started assuming I am okay with it. They sent me a letter to my address that I was living 10 years before which I was not living at that address anymore. That is how this company is threatening their 10 years loyal customers.
BMO Insurance Life Insurance Reviews
Affordable Life Insurance?
- Rates from 20+ life insurers
- Premiums start at $12/month
- Standard & Guaranteed plans
- Can be purchased remotely
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Do not. I Repeat DO NOT use BMO for your Life insurance.
My stupidy for choosing this kind of plan.
Just paid $4770.00 after 12 years of $30 dollar monthly payments only to find out that my payout won"t exceed $4500.00
Here is the real kick... I can either keep paying BMO $30 a month until I die and then still get $4500.00. Or I can cancel the plan now and get a refund of $442.00.
You read that right $442.00 that's not a typing error.
Response after two phone calls: " sorry, sir, that's the policy you chose". "we're very sorry". What would you like to do, sir?
Culture of foot-dragging when you want to cancel - 2 years of misleading conversation and BBB complaint made to cancel. We feel this was definitely a tactic encouraged by the organization to avoid or delay stop of withdrawals from our account incredible!!! Still not resolved! More documents being mailed out for signatures apparently.
Been trying to cancel accidental death 2 policies for years now - finally, after a BBB compliant premiums may no longer be taken from my account after this month.
Worst customer services ever, especially the claims department. I've been waiting for the service rep to call me back and it’s been more than a week. He never responds to my calls, my voicemail, my email, and he’s never at the office. I am contemplating to take legal action.
These guys have been negotiating with my physician's office to lower the price for APS for around a month. Highly non-recommended
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Called BMO and sat on the phone for 1/2 hour to speak with someone, so i hung up an called TD bank life insurance and talked to someone within 3 minutes. I'm happy to say i purchased the TD life insurance. Its sad that i did not get my insurance from BMO because i do all my banking there.
few weeks ago, send an inquiries online to obtain more information-absolutely no one calls back. Today did a search on BMO insurance website, obtain the number to call for quote- they said she is marketing department and provide me another number. Call the number provided it will hang up on you within 15 seconds if you do not press 1 for english immediately. A lady got on the phone said she is not dealing to provide quote but ask me call another number for my region which is Calgary AB. Oh my-so much time wasting and getting no where.
BMO offers a professional service, they have a fantastic new website that makes shopping for insurance easy, and their premiums and offerings are both competitive and comprehensive. I have been extremely satisfied with their service.
Was done by mail. Premiums seem in line with other companies