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These plans also have a declining death benefit They also offer individual insurance sold through their broker network. I just noticed that BMO took over Aig Insurance in January could u let me know why i was not notified about it and does it change anything for our life insurance and when will i get the papers from the bank because i guest now my papers from AIG are worth nothing. However, the policy still has a death benefit, which is limited in the first two years, unless the death is accidental, to a return-of-premium.