Excepted Group Life Insurance policies now available on CLASS

After listening to adviser feedback, we’re delighted to announce that excepted Group Life Insurance policies are now available on our online platform, CLASS.

Alongside registered Group Life Insurance, Group Income Protection and Group Critical Illness, advisers can now quote, buy and manage excepted policies online. Employers can use their own excepted trust deed, or they can use our Excepted Solution – an excepted trust deed and rules managed by independent trustees.

With the inclusion of excepted policies on CLASS, advisers can now quote, buy and manage more protection policies than ever before.

Every CLASS policy includes our new support service WeCare – a 24/7 online GP, mental health support service and get fit programme. It’s available with every product and is available to employees and their families, whether they’re insured or not.

Paul Avis, Strategic Proposition Director, Group Protection at Canada Life comments:

“The growth in popularity of excepted policies has been astonishing. In the last five years the number of people covered by an excepted policy has more than tripled from under 500,000 in 2015 to over 1,500,000 in 2020. In that time 5,000 excepted employer policies have also doubled to number over 11,000.

“We expect this popularity to continue growing and we know that benefits advisers who want to manage all group protection products on a single platform. I’m really excited that we can now cater for this need as an integrated feature of our industry-leading group protection platform.”

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