Two new protection products from Canada Life are to be made available to intermediaries through IRESS' The Exchange.
The new term and decreasing-term protection products will be available in addition to Canada Life's existing whole of life product.
Using The Exchange, intermediaries can move from initial quote to fully underwritten new business completion in a straightforward, intuitive process which is designed to get people the most appropriate and affordable protection product they need, quickly and efficiently.
The Exchange is an online comparison quote and transaction portal with 400 products available to intermediaries from circa 30 providers
IRESS executive general manager Dave Miller said: "Being selected by Canada Life to make its new term protection products available exclusively through The Exchange confirms our position as a market leading protection sourcing portal."
Canada Life diirector of individual protection Jon Ford added: "We are committed to providing advisers and customers with a comprehensive range of value-laden protection plans supported by efficient business processing.
"We chose IRESS' The Exchange as our first portal to launch these new products as its proven functionality helps intermediaries improve client service while cutting the cost of the sales and advice process and this ties in beautifully with our ‘easy to do business with' approach to protection.
"We genuinely believe efficiency and value can work hand-in-hand to deliver outstanding results for both customers and advisers and the partnership with IRESS achieves this seamlessly."
Last month, True Potential launched four new mortgage and term protection policies in partnership with Canada Life available on the True Potential platform.
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