Can you tell me more about the structure of the company?

Our constitutional documents, regulatory licence and operating procedures place constraints on the types of business we can write and who we can issue life assurance policies for. These constraints allow policyholders to be protected from certain business risks other insurance companies take, and which policyholders generally have no control over. Elite and Prestige accounts are issued by CLI Institutional (CLII) which can only issue unit-linked life assurance policies. It cannot undertake any other form of insurance business such as with profits, guaranteed or whole of life assurance business.

Can I change my account once it’s set up?

Yes, our Elite and Prestige accounts are very flexible and you can easily change things like which funds you’ve invested in and how much you want to withdraw. Talk to your adviser who’ll be able to help.

What happens if I die?

If you’re the only life assured then we’ll pay a death benefit, which is the value of your investment plus £100, when you die. If there’s more than one life assured, the account can continue until the death of the last life assured, when the death benefit will be paid. By using a trust with your account, you’ll be able to choose who’ll receive the death benefit when you die.

Can I change my mind and cancel my account?

Yes, you can cancel your investment up to 30 days after you receive your policy information.

What’s the difference between Elite and Prestige?

With our Elite Account you must appoint a custodian, such as a discretionary fund manager, to hold the investments on our behalf. They will manage the investments by making and carrying out decisions on which assets to buy and sell. With our Prestige Account, we will retain custody of the assets and accept investment instructions from you. You can also nominate a fund adviser who will instruct us to buy and sell assets on your behalf.

Elite and Prestige accounts

Greater protection for large investments

Backed by the financial strength of Canada Life, these accounts offer investors an unrivalled level of protection. As open architecture offshore bonds, you can access an almost unlimited range of funds from across the globe.

Are Elite and Prestige accounts right for you?

Appoint a discretionary or non-discretionary fund adviser

What are the risks?

Your investment is not guaranteed as the value of your investment can go down as well as up. The way funds have performed in the past is no guide to the future and you might get back less than you put in.

These accounts could be right for you if:

You’re looking for greater policyholder protection
You’re aged between 18 and 89 years old
You have at least £1 million to invest
You’re happy to invest for at least 10 years
You’ve got other savings and investments to rely on
You want to generate a capital lump sum, an income, or both
The Elite Account could be right for you if you want to appoint a custodian, such as a discretionary fund manager, to manage the investment on your behalf
The Prestige Account could be right for you if you want to make your own investment decisions or appoint a fund adviser

These accounts might not be right for you if:

You have less than £1 million to invest
You might want to withdraw all of your investment straight away
You can’t afford to lose the amount you invest

Fund Centre

Explore all our available funds. See our price lists, fund performance, factsheets and more.

Need an adviser?

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

Frequently asked questions

Our constitutional documents, regulatory licence and operating procedures place constraints on the types of business we can write and who we can issue life assurance policies for. These constraints allow policyholders to be protected from certain business risks other insurance companies take, and which policyholders generally have no control over.

Elite and Prestige accounts are issued by CLI Institutional (CLII) which can only issue unit-linked life assurance policies. It cannot undertake any other form of insurance business such as with profits, guaranteed or whole of life assurance business.
If you’re the only life assured then we’ll pay a death benefit, which is the value of your investment plus £100, when you die. If there’s more than one life assured, the account can continue until the death of the last life assured, when the death benefit will be paid. By using a trust with your account, you’ll be able to choose who’ll receive the death benefit when you die.
With our Elite Account you must appoint a custodian, such as a discretionary fund manager, to hold the investments on our behalf. They will manage the investments by making and carrying out decisions on which assets to buy and sell.

With our Prestige Account, we will retain custody of the assets and accept investment instructions from you. You can also nominate a fund adviser who will instruct us to buy and sell assets on your behalf.