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Canada Life cuts premiums for term assurance products

Canada Life has cut its term rates by up to 21 per cent with effect from next March.

The larger rate cuts are focused on the larger terms assured.

A female smoker aged 40 will now pay 17.3 per cent less at £58.50 per month for a term of 25 years.

A non-smoking smoking male aged 45 next birthday will now pay £98 for £500,000 cover over 10 years.

Business development manager protection Diana Harding says: &#34Protection continues to be one of Canada Life&#39s core areas. We are confident that we will continue to increase our market share of the protection market.&#34


ABI says implementation of Commission report would boost insurance market

The implementation of the report on long term care will boost ltc by making policies much cheaper, according to the ABI.ABI Director General Mark Boleat says: “The cost of long term care will fall and more people are likely to buy policies if the main recommendation of the Royal Commission is accepted.“An insurance arrangement for […]

Flight hits at Lisa despite advocating US 401k plans

Howard Flight MP has slammed Government plans for the Lifelong Individual Savings Account despite his avowed support for similar US 401k pension plans.Flight, the joint chairman of Investec Guinness Flight, used last week&#39s Welfare Reform and Pensions bill debate to hit out at the missed opportunity for a &#34rationalisation and reform of pensions&#34.A key concern […]


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