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Effective October 1, 2014 …
New Death Guarantee Reset Option | For a small additional fee (15 to 20 bps), the “Death Guarantee Reset Option” will allow for death guarantee resets every 3 years on the policy anniversary, up to and including the last policy anniversary before the Annuitant’s 75th birthday. BMO Insurance is, for a limited time (October 1 to December 31, 2014), making this optional new feature available to existing BMO GIF contract holders. |
New Prestige Class | Prestige Class offers a 35 bps reduction to the Class A fund management fees (about 40 bps incl tax). Prestige Class is available only in the No-Load sales charge option with trailer commission set at .75% and no change to deposit commission. |
New Locked-in Registered Savings and Retirement Income Plans and TFSA | We are pleased to announce that BMO GIFs now offer a full suite of: · Registered and locked-in savings plans - RSP, SRSP, LIRA, LRSP, RLSP · Registered and locked-in retirement income plans - RIF, SRIF, LIF, RLIF, LRIF, PRIF · Tax Free Savings Account |
Short-term Incentive Program
All deposits to new and existing BMO GIF policies made between October 10 and December 31 will receive an extra 1% commission bonus to the deposit commission.
Effective Oct 10 to Dec 31 /14 | DSC | No-Load |
Deposit Commission (gross) | 6.0% (20+ years) | 4.0% (20+ years) |
| 5.5% (< 20 years) | 3.5% (< 20 years) |
The promotion starts October 10 and is scheduled to end December 31, 2014. This is a temporary increase in the deposit commission rates for the Deferred Sales Charge Option and the No-Load sales charge options. Not available with Front-End Load sales charge option. There are no changes to trailing commissions. We reserve the right to either withdraw or extend this promotion at any time with one week’s notice. Advisors should recommend only products that are suitable for their clients and provide the most current disclosure of the Fund Facts included in the Information Folder & Policy Provisions dated October 1, 2014.
