Canada Life offers free critical illness cover for children

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 immed...