The Wave Sales Illustration System
Most current version

The Wave 48 is the most current version.

You can download the installation file first. Then double-click the file to install; or run the installation file directly without saving it.

If any of the product illustration modules in The WAVE program are currently open, please save the installation file first; then shut down the WAVE program and double click the saved file to install.

What’s new for WAVE v48

Effective April 25, 2022, BMO Insurance is introducing the following:
Term Life Product Updates

We are making the following changes to our Term Life 10, 15, 20, 25 and 30 base plans and riders:

  • Pricing updates: new rates include both increases and decreases, depending on age, sex, underwriting classification, and sum insured
    • Premium reductions of up to 10% across all terms
    • Proportionately lower renewal rates on renewable terms (Term 10, 15, and 20)
  • Term Exchange - Addition of Term 15 Exchange Option
    • We are adding Term 15 to the Term Exchange option. This means that you will be able to exchange a Term 15 policy or rider to a Term 20, 25 and 30 policy anytime between the 1st and 5th policy anniversary without evidence of insurability
    • There is no change to the Term 10 Exchange Option

BMO Insurance Whole Life updates
  • Changes to Universal Life investment options
    • We’ve added new Environmental, Social and Governance (ESG) indexed accounts to the list of options available on all Life Dimensions, Life Dimensions (Low Fees) and Wealth Dimensions plans
    • There are name changes to several indexed accounts linked to CI Investments Inc.
    • Visit for more details
  • You’ll also notice other minor software updates of the latest version of The Wave v46.0. Reduced Paid-Up (RPU) rates for the Wealth Accelerator plan option have been aligned to match those offered on the Estate Protector option for all premium payment options
  • There are no changes to the RPU rates for the Estate Protector plan option

Note: The Performance Bonus for May 1, 2022 to April 30, 2023 remains unchanged at 5.50%.

Due to the updates listed above, we strongly recommend that you download the newest version of The Wave to take advantage of the new rates and ensure the best possible client experience.

Download the NEW Wave 48 illustration software IMMEDIATELY!


Get a copy of The Wave v47 (previous version).