BMO Insurance announced Aug. 3 that it is offering a suite of environmental, social and governance (ESG) investment options for its Universal Life Insurance policyholders.
The company says its new ESG indexed accounts allow policyholders to align their investment preferences with their values and sustainability goals, while receiving the universal life Insurance coverage and benefits.
"The increased awareness of social, environmental and economic issues over the past year have inspired many Canadians to take a responsible approach to their investment portfolios and wealth management, including insurance," said Daniel Walsh, SVP and Head, Individual Insurance & Annuities, BMO Insurance. "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."
The ESG indexed accounts are available for any new or in force Life Dimensions, Life Dimensions (Low Fees) or Wealth Dimensions policy.
The new accounts are: BMO Balanced ESG ETF (ZESG); BMO MSCI Canada ESG Leaders Index ETF (ESGA); BMO MSCI USA ESG Leaders Index ETF (ESGY); BMO MSCI EAFE ESG Leaders Index ETF (ESGE) and BMO Sustainable Opportunities Global Equity Fund.
