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BMO U.S. Benefits

Supplemental Life Insurance Premiums

You pay the cost for Supplemental Life and Family Life insurance on an after-tax basis.

If you enroll in Supplemental Life or Family Life insurance, the premium is deducted from the first and second paycheck of each month.

2021 Supplemental Life Insurance Monthly Premiums
Deducted after-tax
Age Non-Smoker
Rate per $1,000 of coverage
Smoker
Rate per $1,000 of coverage
Under 25 $0.039 $0.050
25-29 $0.039 $0.060
30-34 $0.049 $0.080
35-39 $0.068 $0.107
40-44 $0.088 $0.155
45-49 $0.127 $0.213
50-54 $0.205 $0.398
55-59 $0.381 $0.679
60-64 $0.576 $1.067
65-69 $1.103 $2.008
70+ $1.796 $3.250
2021 Family Life Insurance Monthly Premiums
Deducted after-tax
Coverage for Spouse Premium Coverage for Child(ren) Premium
$12,000 $2.180 $3,000 $0.500
$24,000 $4.380 $6,000 $1.020
$36,000 $6.560 $9,000 $1.540

The total amount of Family Life insurance for all dependents cannot exceed 100% of your combined Basic and Supplemental Life insurance.


Need assistance?

Call the Human Resources Centre

1-888-927-7700
Monday through Friday, from 8 a.m. to 5 p.m. CT