Canada Life is offering free critical illness (CI) cover for children up to £20,000 for all group CI policy members.
The benefit, only available via CLASS, Canada Life’s automated service for intermediaries, will be payable under the policy if a child is diagnosed as suffering from one of the insured illnesses. Canada Life says the amount payable under the benefit will be the lower of either one quarter of the total of the member’s scheme benefit, or £20,000. Eligible are any natural or legally adopted children of a member aged between 30 days and 18 years. CLASS, available for schemes between three and 100 lives, is an automated service that allows intermediaries to quote and assume risk online immedia...
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