Flexible Life Plan

Whole of Life protection for your complete peace of mind

Our whole of life protection is designed to protect your family by covering an inheritance tax liability or supporting your business protection needs.

Life Group Estate Planning

If you need to cancel your policy due to rising costs, please get in touch with us as we might be able to help. However, we must let you know that if you cancel your policy, you’ll no longer have the benefit of the cover it provides. Additionally, it may be more expensive to arrange a replacement policy in the future if you should need it. So, please make sure that this is the right decision for you by speaking to your financial adviser.

Please note: The policy benefits and options available today for new business, as well as your circumstances, may have changed since you originally took out your policy. This means that we might not be able to offer you a new policy at a later date.

Why choose Canada Life? 

High Net Worth Specialism

Our average sum assured is £2.19 million, with cover available from £25,000 to £40 million.

100% of claims paid

In the past 11 years, we have paid 100% of death claims to customers.

What are the risks?

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.

Features and benefits

  • Policies issued by Canada Life International Limited
  • Available on a single or joint basis

    • Cover options up to £40 million with the option to increase or decrease your sum assured, subject to underwriting
  • Free from income tax when the benefit becomes payable

  • Four cover options allowing you to structure your Flexible Life Plan to suit your needs

  • Can cover inheritance tax liability or business protection requirements when combined with a suitable trust

  • Optional Premium Waiver add-on should you need to pause premium payments due to injury or illness

  • Guaranteed Insurability Option means you could increase your cover with no further medical underwriting if you get married, have, or legally adopt a child, or your mortgage or inheritance tax liability changes

Need an adviser?

Get a tailored quote for this product from a financial adviser. To find one, visit Unbiased.

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Frequently asked questions

Approved on 10/04/2024