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BMO Insurance has expanded its whole life insurance portfolio with a new plan option that offers higher upfront cash values, said BMO Financial Group in a release on Wednesday.

The Wealth Accelerator is an alternative to Estate Protector, a plan option that focuses on long-term death benefit and cash values.

Clients can choose either option when applying for a BMO whole life policy, but the Wealth Accelerator addresses the needs of clients who want more liquidity in the early years after purchasing an insurance policy, the release said.

With its higher upfront cash values, that option may appeal to business owners who don’t want to tie up capital in a life insurance policy.

“They can use the higher upfront cash value as collateral for a third-party loan for business or other investment opportunities,” the release said.