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...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes