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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

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