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Canada Life relaunches into individual protection

Canada Life has returned to the individual protection market with a range of products under the new CanProtect brand.

The provider pulled out of individual protection sales back in 2006 but has now launched a life cover only product, level term plus and decreasing term plus, which includes additional critical illness cover.

The plans will initially be available through LifeSearch, which is trialling quote comparison software UnderwriteMe to which Canada Life has linked.

A total of 58 conditions will be covered under the plans, comprising 42 core conditions and 16 additional payment conditions.

All additional payment conditions will pay out either £25,000 or 25 per cent of the sum assured, whichever is lower.

CI Expert director Alan Lakey says: “This plan is a welcome addition to the market as it focuses on quality rather than being cheap and cheerful.

“Having aligned itself with UnderwriteMe, Canada Life is seeking to make advisers’ underwriting and processing journey speedier and less rocky.”



Petition on planned tax relief changes passes 21,000 signatures

A petition to reverse the planned buy-to-let tax relief changes has passed 21,000 signatures. Landlords say they have been unfairly targeted by the changes, which restrict the tax relief landlords can claim on property finance costs to the basic rate of income tax. The petition says: “We operate as sole traders and incur costs in […]

FCA logo new 3 620x430

FCA to hold mortgage conference

The FCA is holding a conference on the challenges facing the mortgage market. Taking place on 7 September at the QEII Centre, in Westminster, it will focus on affordable housing, lending into retirement and over-indebtedness. Simon Jack, business and economics presenter on Radio 4’s Today programme, will host. There will be keynote speeches from FCA […]


Lloyds retains place as UK’s largest lender

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Caption Competition – 2 September 2015

Can you put the boot into your nearest and dearest to win a delicious box of Hotel Chocolat milk chocolates? Submit a witty caption for the photo above and you will be automatically entered into our prize draw. Remember, the funnier it is, the more likely you are to win. What are you waiting for? […]


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