Canada Life life insurance
Who are Canada Life?
Find out about the life insurance cover offered by Canada Life
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Canada Life operates in the UK, Canada and Europe, as part of Great West Lifeco, a great Canadian institution which traces its history back to 1847. Having operated in the UK since 1903, Canada Life specialises in a wide range of financial services, including pensions, protection and investments, and has over 45 years’ experience in the insurance industry.
The firm supports over 2.75 million people in the UK. In 2017 it paid out on 99.8% of claims, amounting to £252 million in life insurance and £21 million in critical illness.
Contact Canada Life
Canada Life can be reached by calling 0345 606 0708
What types of cover does Canada Life offer?
Canada Life offers a variety of life insurance policies, including level-term life insurance, decreasing-term and critical illness insurance.
Information about Canada Life
Canada Life offers a number of benefits for policyholders, including:
- Help sourcing treatment
- 60 conditions covered
- A counselling helpline open 24 hours a day, seven days a week
- Second medical opinion and nurse support
- An app which includes discounts on cinema tickets and high street retailers
Canada Life’s credentials
Canada Life is regulated by the Financial Conduct Authority.
What is life insurance?
Life insurance is a type of insurance contract which pays out a lump sum to your dependants should you pass away during the term of the contract. The cost of a policy is determined by a number of factors including your age, health and lifestyle. Life insurance can help your partner or children pay for any financial commitments that might fall to them if you were no longer here.
Why it pays to shop around
MoneySuperMarket always urges customers to shop around and compare life insurance deals. Visit our life insurance channel today and run a price comparison to see if your life insurance premium could be reduced.