Canada Life toasts eQuotes success with policy fee drops

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Canada Life is to reduce policy fees on group protection business written through its online quoting system eQuotes.

The firm says the policy fee will reduce by £100 if it is processed through the eQuotes module of CLASS, an internet-based price versus risk tool for advisers. Canada Life says the move offers “significant” savings on business premiums, claiming there will be a drop of 11% on critical illness cover. Dan Crook, CLASS business development manager, says: “We are delighted to be in a position to offer our clients significant savings on the cost of their group risk policy fees via CLASS. “The eQuotes module of CLASS streamlines the group risk process, and offers a more cost effective way to q...

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