Life Insurance Reviews

BMO Insurance Life Insurance Reviews

This page has been viewed by: Please wait... consumers
(15 reviews)
BMO Insurance
2.6 out of 5 stars:
Customer service:
Value for Money:
Share your own experience
Write a review

N/A

by Anonymous on Apr 11, 2012
5 out of 5 stars

they have the best price considering our age and then we took the policy out

2 of 2 people found this review helpful. Did you?

YesNo

N/A

by Anonymous on Apr 11, 2012
4.5 out of 5 stars

Service was perfect. The price I am paying for the insurance is competitive.

2 of 2 people found this review helpful. Did you?

YesNo

Great Experience

by marisakeller on Sep 3, 2012
5 out of 5 stars

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.

1 of 1 people found this review helpful. Did you?

YesNo
Review topics
Did you know that mortgage insurance is the same as life insurance but more expensive and offers less protection? By cancelling it and getting life insurance, you would typically save around 30%-40% for the same coverage.

good company

by georgewu on Jun 4, 2012
4.5 out of 5 stars

Easy to do, very helpful staff.

1 of 1 people found this review helpful. Did you?

YesNo

Renewal of agreement

by Khair on Sep 7, 2021
1 out of 5 stars

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.

0 of 0 people found this review helpful. Did you?

YesNo
Review topics

Biggest scam EVER!

by Les on Jul 15, 2021
1 out of 5 stars

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?

0 of 0 people found this review helpful. Did you?

YesNo
Review topics
Did you know that one in three Canadians, on average, will be disabled for more than three months before they turn 65? Get a disability insurance quote today to make sure your income is secure, even when you are temporary disabled.

BMO Life insurance

by Hulme P on Dec 16, 2019
1 out of 5 stars

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.

0 of 0 people found this review helpful. Did you?

YesNo
Review topics

BMO Life insurance

by Hulme P on Dec 10, 2019
1 out of 5 stars

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.

0 of 0 people found this review helpful. Did you?

YesNo
Review topics

definitely not choose this co

by JOE on Mar 5, 2019
1 out of 5 stars

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.

0 of 0 people found this review helpful. Did you?

YesNo
Did you know that if you are a 35-year old female, a term life insurance policy for 10 years with coverage of $500,000 will cost you around $15-$20/month? Getting your life insurance quote today will allow you to lock-in a great rate.

Horrible Experience

by Victim on Nov 28, 2017
1 out of 5 stars

These guys have been negotiating with my physician's office to lower the price for APS for around a month. Highly non-recommended

0 of 0 people found this review helpful. Did you?

YesNo