BMO Insurance adds ESG options for universal life policies

BMO Insurance is now offering multiple environmental, social and governance (ESG) investment options for universal life policyholders.

On Tuesday, the firm announced the launch of five new ESG indexed accounts that are linked to the performance of ESG funds managed by BMO Global Asset Management.

Policyholders can choose from the BMO Balanced ESG ETF, the BMO MSCI Canada ESG Leaders Index ETF, the BMO MSCI USA ESG Leaders Index ETF, the BMO MSCI EAFE ESG Leaders Index ETF and the BMO Sustainable Opportunities Global Equity Fund.

“Offering ESG indexed accounts enables Canadians to enjoy the protection and assurance of life insurance on their own terms by also linking the returns on their policies to socially responsible companies that are consistent with their values, goals and priorities,” Daniel Walsh, senior vice-president and head, individual insurance and annuities, BMO Insurance, said in a release.

The ESG indexed accounts are available for new and in-force Life Dimensions, Life Dimensions (Low Fees) and Wealth Dimensions policies.

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