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

Our Select Account is very flexible, and you can easily change things, like your underlying investments and how much you want to withdraw. You can’t change the life assured, but ownership can be changed during the lifetime of the bond by deed of assignment or trust. Talk to your financial adviser who’ll be happy to help.

How will I know how my investment is doing?

We’ll send you a statement every six months, showing you the value of your investment. Further information on the performance of the funds available in our Select Account can be found in our <a rel="noopener" href="https://p3.aprimocdn.net/canadalifeuk/Select%20Account%20-%20Investment%20Performance%20Bulletin.pdf" target="_blank">monthly performance bulletin</a>.

What happens if I die?

If you’re the only life assured, we’ll pay a death benefit, which is 100.1% of the value of your investment, 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. We reserve the right to ask the claimant for grant of representation at the time of the claim, and we’ll let them know what documentation is needed. By using a trust with your account, you’ll be able to choose who’ll receive the death benefit if you die, and this also avoids the need for probate.

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.

Select Account Resources

Please note, The Select Account is closed to new customers.

This tax-efficient onshore bond offers a simple way to invest for the future.

All the documents you need in one place. From forms and customer guides to product brochures and key features.

Key Documents

Charges and fees

Select Account Charges and Fees

Key features

Select Account Key Features Document

Key Information Document

Unavailable

Frequently asked questions

Our Select Account is very flexible, and you can easily change things, like your underlying investments and how much you want to withdraw.

You can’t change the life assured, but ownership can be changed during the lifetime of the bond by deed of assignment or trust. Talk to your financial adviser who’ll be happy to help.
If you’re the only life assured, we’ll pay a death benefit, which is 100.1% of the value of your investment, 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.

We reserve the right to ask the claimant for grant of representation at the time of the claim, and we’ll let them know what documentation is needed. By using a trust with your account, you’ll be able to choose who’ll receive the death benefit if you die, and this also avoids the need for probate.

Fund centre

Explore all our available funds, see our price list, fund performance, factsheets and more

Fund centre

Canada life portals
Manage your policies
Customer support
Find help or get in touch
Are you an adviser?
See how we support you

Key Documents

Important information

Charges and fees

Key features

Key Information Document

Suitability letter

Policy Provisions

Customer guide

Managing your account

Top up form

Surrender and withdrawal form

Fund switch form

Deed of assignment

Frequently asked questions

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

How will I know how my investment is doing?

What happens if I die?

Can I change my mind and cancel my account?

Fund centre

How to get started

Canada life portals

Customer support

Are you an adviser?