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Introducing the NEW Online

Introducing the NEW Online

Insurance Calculators

Insurance Calculators

www.bmoinsurance.com/advisor

www.bmoinsurance.com/advisor

Making it easier to do business with us!

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1

INSURANCE

INSURANCE

CALCULATORS

CALCULATORS

Accessing the Insurance

Calculators

From the Resource  Center home page,  click on: “Life Insurance  Calculator” OR “Critical Illness  Calculator”. From the Resource  Center home page,  click on: “Life Insurance  Calculator” OR “Critical Illness  Calculator”.

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LIFE INSURANCE

LIFE INSURANCE

CALCULATOR

CALCULATOR

Step 1: Identifying Debts

Step 1: Identifying Debts

Identify current debts. This  includes mortgage amounts,  loans, and other expenses.  Note: You may slide the bar  left/right OR you can simply type  in  the amounts required for entry. Identify current debts. This  includes mortgage amounts,  loans, and other expenses.  Note: You may slide the bar  left/right OR you can simply type  in  the amounts required for entry. Then, click on ‘Next Step’. Then, click on ‘Next Step’.

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LIFE INSURANCE

LIFE INSURANCE

CALCULATOR

CALCULATOR

Step 2: Determine Financial

Needs

Step 2: Determine Financial

Needs

Section 1

Section 1

Now determine financial  needs. This includes current  annual gross income,  percentage of survivor income  needs, number of years of  protection, and the investment  rate of return.  Note: You may slide the bar  left/right OR you can simply type  in  the amounts required for entry. Now determine financial  needs. This includes current  annual gross income,  percentage of survivor income  needs, number of years of  protection, and the investment  rate of return.  Note: You may slide the bar  left/right OR you can simply type  in  the amounts required for entry.

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LIFE INSURANCE

LIFE INSURANCE

CALCULATOR

CALCULATOR

Step 2: Determine Financial

Needs

Step 2: Determine Financial

Needs

Section 2

Section 2

On the same page,  determine the amount of the  emergency fund, child‐care  expenses, and an  educational fund.  Note: You may slide the bar  left/right OR you can simply type   in the amounts required for entry. On the same page,  determine the amount of the  emergency fund, child‐care  expenses, and an  educational fund.  Note: You may slide the bar  left/right OR you can simply type   in the amounts required for entry. Then, click on ‘Next Step’.  Then, click on ‘Next Step’. 

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LIFE INSURANCE

LIFE INSURANCE

CALCULATOR

CALCULATOR

Step 3: Deduct Assets

Step 3: Deduct Assets

Finally, deduct assets. This  includes cash & savings,  investments, real estate,  business assets, insured  mortgage, other insurance,  and other death benefits.  Note: You may slide the bar  left/right OR you can simply type   in the amounts required for entry. Finally, deduct assets. This  includes cash & savings,  investments, real estate,  business assets, insured  mortgage, other insurance,  and other death benefits.  Note: You may slide the bar  left/right OR you can simply type   in the amounts required for entry. Click ‘Next Step’ one last time. Click ‘Next Step’ one last time.

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LIFE INSURANCE

LIFE INSURANCE

CALCULATOR

CALCULATOR

Step 4: Insurance Results

Step 4: Insurance Results

You’re done! This page  includes a summary of your  expenses, needs and assets,  and a calculation of the  amount of life insurance  required for income  replacement. Select view summary to  provide your clients with a  summary of their needs  assessment.  You’re done! This page  includes a summary of your  expenses, needs and assets,  and a calculation of the  amount of life insurance  required for income  replacement. Select view summary to  provide your clients with a  summary of their needs  assessment. 

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LIFE INSURANCE

LIFE INSURANCE

CALCULATOR

CALCULATOR

Step 4: View Summary

Step 4: View Summary

The summary page is  printable for your clients to  take home and review. This  includes all of the data  entered into the calculator,  plus a proposed amount of  life insurance. If your client is  unsure about any amount,  they have the ability to  confirm their amounts and  have this process redone to  reflect a more accurate  amount.  The summary page is  printable for your clients to  take home and review. This  includes all of the data  entered into the calculator,  plus a proposed amount of  life insurance. If your client is  unsure about any amount,  they have the ability to  confirm their amounts and  have this process redone to  reflect a more accurate  amount. 

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CRITICAL ILLNESS

CRITICAL ILLNESS

CALCULATOR

CALCULATOR

Step 1: Recovering Physical

Health

Step 1: Recovering Physical

Health

Determine the value of funds  needed. This includes  medication, hospital  upgrades, homecare  expenses, medical care,  equipment, home  renovations, vehicle  renovations, and other  requirements.  Determine the value of funds  needed. This includes  medication, hospital  upgrades, homecare  expenses, medical care,  equipment, home  renovations, vehicle  renovations, and other  requirements.  Then, click on ‘Next Step’.  Then, click on ‘Next Step’. 

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CRITICAL ILLNESS

CRITICAL ILLNESS

CALCULATOR

CALCULATOR

Step 2: Maintaining Financial

Health

Step 2: Maintaining Financial

Health

Then, click on ‘Next Step’.  Then, click on ‘Next Step’.  Now, determine the funds  needed to maintain financial  health. This includes income  supplements and lump sum  requirements.  Now, determine the funds  needed to maintain financial  health. This includes income  supplements and lump sum  requirements. 

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CRITICAL ILLNESS

CRITICAL ILLNESS

CALCULATOR

CALCULATOR

Step 3: Insurance Results

Step 3: Insurance Results

You’re done! This page  includes a summary of the  cost to recover physical  health and funds needed to  maintain financial health,  and a calculation of the  amount of critical illness  insurance you require.  Select view summary to  provide your clients with a  summary of their needs  assessment.  You’re done! This page  includes a summary of the  cost to recover physical  health and funds needed to  maintain financial health,  and a calculation of the  amount of critical illness  insurance you require.  Select view summary to  provide your clients with a  summary of their needs  assessment. 

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CRITICAL ILLNESS

CRITICAL ILLNESS

CALCULATOR

CALCULATOR

Step 3: View Summary

Step 3: View Summary

The summary page is  printable for your clients to  take home and review. This  includes all of the data  entered into the calculator,  plus a proposed amount of  critical illness insurance. If  your client is unsure about  any amount, they have the  ability to confirm their  amounts and have this  process redone to reflect a  more accurate amount.  The summary page is  printable for your clients to  take home and review. This  includes all of the data  entered into the calculator,  plus a proposed amount of  critical illness insurance. If  your client is unsure about  any amount, they have the  ability to confirm their  amounts and have this  process redone to reflect a  more accurate amount. 

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INSURANCE

INSURANCE

CALCULATORS

CALCULATORS

14

Call us for more information

Call us for more information

ONTARIO REGIONAL SALES OFFICE

1-800-608-7303

QUEBEC-ATLANTIC REGIONAL SALES

OFFICE

1-866-217-0514

WESTERN REGIONAL SALES OFFICE

1-877-877-1272

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CRITICAL ILLNESS

CRITICAL ILLNESS

CALCULATOR

CALCULATOR

Disclaimers

Disclaimers

The information in this publication is intended as a summary of our products and/or services and 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.

For Advisor Use only.

Insurer: BMO Life Assurance Company

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