Whole Life or Universal Life?
Submitted by Krishan on March 7, 2019 - 12:37pm
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It all depends on
your client's objectives |
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| When it comes to deciding whether whole life or universal life insurance makes sense for your clients, here are a few simple guidelines to consider along with BMO Insurance’s solutions for each plan:
| Whole Life | Universal Life |
Client Profile
| - Needs permanent life insurance
- Looking for a guaranteed premium pay period
- Looking to maximize returns but more conservative when it comes to investment choices
- Looking to leave money management to the experts
| - Needs permanent life insurance
- Looking for flexibility in premium payments with a guaranteed cost structure
- Looking to maximize returns based on their risk tolerance
- Looking for a choice of investment options
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BMO Insurance Solution
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BMO Insurance Whole Life Plan – a simple but flexible non-participating whole life insurance plan
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Life Dimensions (Low Fees) – our universal life plan with the best-in-class universal life investment option platform
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For more information or to learn about how to find the right solutions for your target market, contact your BMO Insurance representative today!
MB 559 (2019/03/04)
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