Flexible Life Plan

Our estate planning life assurance is affordable, with cover starting from just £25 a month. The total amount you pay will depend on your personal circumstances such as your age and general health, as well as the type of cover you choose.

Unlike fixed term policies which expire after a number of years, your cover will remain in place as long as you pay your premiums. We’ll then pay the sum assured on your death if you have a single life policy. For joint life policies – and depending on the cover you choose – we’ll pay the sum assured after the death of the first or second life assured.

You should talk this through with your financial adviser. Some plan structures can achieve a more sustainable premium level than others. Choosing maximum basis will mean that your premium will increase significantly at review points. However the likelihood of this happening under the other structures can be reduced, but the initial costs may be higher.

Please speak to a financial adviser about how to apply for our Flexible Life Plan.

Your adviser will need to tell us the following information so we can provide a quote:

• Your age
• If you’re a smoker or non-smoker
• How much cover you need

If you want us to review your past medical history before you apply, you can email the details to us at underwriting@canadalifeint.com 

Our experienced team will give you an indicative underwriting decision and provide feedback too.

You can increase your level of cover – within the limits set out in the policy terms – if your inheritance tax liability increases. We’ll also allow you to increase your cover at any of the following life events:

• You get married or enter a civil partnership
• You have or legally adopt a child
• You increase your mortgage

This means you can continue to protect the people and things that matter to you. 

• The cost of the life assurance can increase on a premium review and your premiums may increase or your level of cover reduces.
• The value of units can fall as well as rise, you will need to discuss this thoroughly with your financial adviser.