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Canada Life Group Insurance partners with new employee benefit start-up Untangl to take away the pain of employee benefits

  • Canada Life chosen as sole provider for group life with forward-thinking online employee benefits service Untangl.
  • Untangl launches first cloud-based platform to offer complete employee benefit package including group life assurance, pensions, healthcare and staff discounts.
  • Employee benefits packages aimed at start-ups and sub 50 companies with no previous cover.
  • End-to-end digital experience from quote through to application. Employers can quote for the complete benefit package online in minutes.
  • Simplified setup.
  • Untangl has selected what it believes are the very best, preferred suppliers in each benefit category, reducing the set-up effort, time and cost for employers.

After a year of extensive research, Untangl has launched the first cloud-based service to offer a packaged blend of benefits. The package includes award winning group life assurance with Canada Life Group Insurance, pensions, healthcare and employee health and wellbeing discounts – including gym membership and eye tests.

Untangl has pre-selected preferred suppliers in each benefit category, reducing the set-up effort for time pressed small employers. Canada Life, the UK’s leading group risk provider , is delighted to partner with Untangl to provide the group life assurance element of the employee benefits package.

Using one time entry of basic pensions data (name, sex, date of birth and optional salary), Untangl will automatically provide quotations for a fixed benefit of £100,000 in a matter of minutes. Untangl will also provide real time quotes for a carefully selected range of benefits from other leading UK suppliers, allowing employers to build a quality benefits package.

Paul Avis, Marketing Director at Canada Life says:

“It’s refreshing to see companies like Untangl complement the existing traditional adviser market. We encourage more like-minded insurance intermediaries to diversify and look into simplified, cost effective, technology driven approaches to service the under penetrated sub 50 group risk market.

As the technological leader in Group Risk, we see a perfect synergy between Canada Life and Untangl in a move to online technology. This much-needed packaged solution will help small employers with automatic enrolment compliance, at the same time as building a benefit package that truly responds to their employee’s needs. Our simple group life cover is tax efficient, low cost and requires little administration. We believe Untangl offers a hassle-free solution for SMEs to add value to their employees pay.”
Untangl’s focus is on simplicity - the cloud-based platform uniquely operates a full digital experience, leading customers from quote all the way through to application.

Untangl co-founder and CEO, Richard Stewart comments:

“We want to provide an alternative that removes the costs and complexity of the traditional approach for the thousands of employers who want simple, good value benefits. It’s no secret that advisers struggle to service the smaller employer market and that’s understandable - without a radically different approach, it just doesn’t work for them. Our job is to look at what improvement is needed from the customer perspective and fix it. And, with the help of some great benefit suppliers, that’s what we have done. Most employers want to do the right thing for their employees and there are some great value benefit products out there. Now employers of all sizes can access them in minutes, and then get on with running their businesses.”

The service has no set up fee and a small monthly service charge, which will be waived during a launch offer period.

www.untangl.co.uk

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Canada Life Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.

Canada Life International Limited and CLI Institutional Limited are Isle of Man registered companies authorised and regulated by the Isle of Man Financial Services Authority.

Canada Life International Assurance (Ireland) DAC is authorised and regulated by the Central Bank of Ireland.

Stonehaven UK Limited and MGM Advantage Life Limited, trading as Canada Life, are subsidiaries of The Canada Life Group (U.K.) Limited. Stonehaven UK Ltd is authorised and regulated by the Financial Conduct Authority. MGM Advantage Life Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority.