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Have you tried SmartDecision on SmartApp yet?
Submitted by Krishan on July 6, 2026 - 10:09am
Have you tried SmartDecision on SmartApp yet?
Instant underwriting decisions refined
Earlier this month, on June 15th, we introduced SmartDecision, powered by VUE (Virtual Underwriting Engine) — to deliver real time underwriting decisions at the point-of-sale, in SmartApp.
If you haven’t explored it yet, SmartDecision is now available for eligible SmartApps to simplify the insurance application process.
A reminder of what SmartDecision offers:
Quicker processing for applications eligible for instant underwriting decisions.
More time for our experienced human underwriters to focus on your more complex cases.
Industry leading instant underwriting decision amounts, with accelerated underwriting limits up to $5 million across Term Life, Universal Life, and Whole Life products.
Built for every sales model and client preference, supporting both face to face and non face to face sales.
Intelligence that works in the background.
For qualifying, healthy clients, underwriting decisions that traditionally took days to weeks can now be delivered in minutes — helping you close business faster, reduce delays, and get paid sooner.
In addition to SmartDecision, this SmartApp release also includes the following enhancements:
1.
All Universal Life details, including planned payment amount and fund allocations are now captured in the SmartApp, eliminating the need for a signed UL Supplementary Questionnaire to be submitted with a SmartApp.
2.
Assignment of the Policy ID at the beginning of the SmartApp process and the elimination of the Application ID, contributing to streamlined case processing.
Be sure to reference this policy ID when ordering requirements from service providers to ensure efficient downstream processing.
3.
Automatic inclusion of the Life Insurance Replacement Declaration (LIRD) form in the eSign package on replacement applications in provinces other than Quebec.
Replacement applications in Quebec should attach the signed Quebec form for submission with the application.
4.
Enhanced processing automation.
When you submit a SmartApp, it’s automatically routed to underwriting — or straight to policy issue if the SmartDecision is approved — helping you move business forward faster.
Log in to Advisor Supportto start a SmartApp and experience the benefits of SmartDecision.
Learn more about SmartDecision and the other new SmartApp features by visiting bmo.com/smartapp.
Stay tuned to enroll in our webinars to learn more about SmartDecision and the additional SmartApp enhancements.
MB 926 (2026/06/29)
To find out more about BMO Insurance products, please call your MGA or contact the BMO Insurance regional sales office in your area or visit www.bmoinsurance.com/advisor.
The information in this publication is not for re-distribution and is intended as a summary of our products and/or services. It may include projected values based on a set of assumptions. Actual results may not be guaranteed and may vary. Please consult the appropriate policy contract for details on the terms, conditions, benefits, guarantees, exclusions, and limitations. The actual policy issued governs. Each policyholder’s financial circumstances are unique, and they must obtain and rely upon independent tax, accounting, legal and other advice concerning the structure of their insurance, as they deem appropriate for their particular circumstances. BMO Life Assurance Company does not provide any such advice to the policyholder or to the insurance advisor.
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